The Securities Appellate Tribunal (SAT) was recently forced to calculate simple interest in a matter after the SEBI and broker Prebon Yamane (India) failed to arrive at a consensus on the manner and the amount on which simple interest had to be calculated.
About:
Type of Body: Securities Appellate Tribunal (SAT) is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992.
Mandate: To hear and dispose of appeals against orders passed by the
Securities and Exchange Board of India (SEBI),
Pension Fund Regulatory and Development Authority (PFRDA) and
Insurance Regulatory Development Authority of India (IRDAI).
Composition:
SAT consists of a Presiding Officer & Two other members.
The Presiding officer of SAT shall be appointed by the Central Government in consultation with the Chief Justice of India or his nominee.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
