The Supreme Court of India, through its judgment dated March 7, 2017 has ruled that administrative circulars issued by the Securities and Exchange Board of India (SEBI) under Section 11(1) of the SEBI Act, 1992 cannot be the subject matter of appeal under Section 15T, before the Securities Appellate Tribunal (SAT). Or rather, only quasi-judicial orders of the SEBI can be appealed before the SAT, and not administrative or legislative ones. In the . . . To read the entire article, get a premium account With a premium account you get: One year of unrestrcited access to previous interviews, columns […]
The post Can SAT hear appeals against circulars issued by SEBI? Supreme Court answers
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