Law · SEBI Act, 1992
Which of the following statements is TRUE regarding the powers and procedures of the Securities Appellate Tribunal (SAT) under the SEBI Act, 1992?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It can summon and examine witnesses on oath.
- 2It can receive evidence on affidavits.
- 3It is not bound by the procedure laid down by the Code of Civil Procedure, 1898 but guided by principles of natural justice.✓
- 4It can issue commissions for the examination of witnesses or documents.
Correct answer
It is not bound by the procedure laid down by the Code of Civil Procedure, 1898 but guided by principles of natural justice.
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