Securities Appellate Tribunal is a/an.....established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Securities Appellate Tribunal is a/an____established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992

A	Constitutional body
B	Advisory body
C	non-statutory body
D	Statutory body

Explanation:

Detailed explanation-1: -Securities Appellate Tribunal is a statutory and autonomous body created as per provisions of section 15K of the Securities and Exchange Board of India (SEBI) Act, 1992. The presiding officer and other members of the Board are elected by the selection committee by the Prime Minister of India.

Detailed explanation-2: -(1) The Central Government shall by notification, establish one or more Appellate Tribunals to be known as the Securities Appellate Tribunal to exercise the jurisdiction, powers and authority conferred on such Tribunal by or under this Act 2 [or any other law for the time being in force].

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