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of <h1>Finance Act 2017 amends SEBI Act to establish Securities Appellate Tribunal, detailing its structure, roles, and procedures.</h1> The Finance Act, 2017 amends the Securities and Exchange Board of India Act, 1992, specifically Chapter VI-B. The amendments establish the Securities Appellate Tribunal (SAT), detailing its composition, jurisdiction, and functions. The SAT will consist of a Presiding Officer, Judicial Members, and Technical Members appointed by the Central Government. Qualifications for these roles are specified, with a focus on legal and financial expertise. The amendments also outline procedures for appointments, tenure, and removal of members, ensuring a structured and transparent process. Additionally, provisions address the functioning of SAT Benches and the transfer of cases between them.
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