Business Ethics and Corporate Governance, Second Edition

ESTABLISHMENT OF SECURITIES APPELLATE TRIBUNALS

The SEBI Act also contained a provision for the establishment of an appellate authority to arbiter and exercise power in matters of disputes over SEBI’s decisions as a regulator.

The central government shall by notification, establish one or more Appellate Tribunals to be known as the Securities Appellate Tribunal to function as Appellate Authority and hear appeals.