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of <h1>Section 23L: Appeal Stock Exchange, SEBI Decisions to Tribunal Within 45 Days, Extensions Possible for Valid Reasons.</h1> Section 23L of the Securities Contracts (Regulation) Act, 1956, allows individuals aggrieved by decisions of recognized stock exchanges, adjudicating officers, or the Securities and Exchange Board of India to appeal to the Securities Appellate Tribunal. Appeals must be filed within 45 days of receiving the decision, with possible extensions for valid reasons. The Tribunal, after hearing the parties, can confirm, modify, or overturn the appealed decision and must communicate its order to the involved parties and adjudicating officer. The Tribunal aims to resolve appeals within six months of receipt.
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