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of <h1>Section 23A establishes right to appeal Board orders within forty-five days with possible extensions for sufficient cause</h1> Section 23A of the Depositories Act, 1996 establishes the right to appeal Board orders to the Securities Appellate Tribunal. Aggrieved persons may file appeals within forty-five days of receiving the order, with possible extensions for sufficient cause. The Tribunal has jurisdiction to confirm, modify, or set aside appealed orders after providing hearing opportunities. Appeals must be disposed of within six months, and copies of orders must be sent to the Board and parties involved.
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