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of <h1>SEBI Act Section 20 allows appeals to Central Government against Board orders within prescribed time limits</h1> Section 20 of the Securities and Exchange Board of India Act, 1992 establishes the appellate mechanism for challenging Board orders. Aggrieved persons may appeal to the Central Government within prescribed time limits. Appeals filed after the deadline may be admitted if sufficient cause is demonstrated for the delay. Appeals must be submitted in prescribed form with required fees and copy of the contested order. The Central Government follows prescribed procedures for disposal, ensuring reasonable opportunity for hearing before deciding appeals.
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