Tribunal procedure guided by natural justice, with civil-court powers for summoning, evidence and review.

The Securities Appellate Tribunal may regulate its own procedure while being guided by the principles of natural justice, and, for discharging its functions, it possesses the same civil court powers as a court trying a suit in matters such as summoning witnesses, compelling discovery and production of documents, receiving affidavit evidence, issuing commissions, reviewing decisions, and dismissing or setting aside applications decided in default; its proceedings are deemed judicial and the Tribunal is treated as a civil court for specified criminal procedure purposes.

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