Appeals under SEBI Act: aggrieved persons may appeal to Central Government within prescribed time; late appeals require sufficient cause. Any person aggrieved by an order of the Board may prefer an appeal to the Central Government within the prescribed time; late appeals may be admitted on proof of sufficient cause. Every appeal must be in the prescribed form and accompanied by a copy of the order appealed against and prescribed fees. The disposal procedure is prescribed, and the appellant must be given a reasonable opportunity of being heard before disposal.