Appellate rights under bankers-to-an-issue regulations shifted to tribunal jurisdiction for qualifying board orders before later omission. Regulation 31, which provided appellate recourse against orders under the Bankers to an Issue Regulations, was omitted with effect from 27 September 2002. ... Summary
Appellate rights under bankers-to-an-issue regulations shifted to tribunal jurisdiction for qualifying board orders before later omission.
Regulation 31, which provided appellate recourse against orders under the Bankers to an Issue Regulations, was omitted with effect from 27 September 2002. Before omission, an aggrieved person could appeal orders made on or after commencement of the Securities Laws (Second Amendment) Act, 1999, to the Securities Appellate Tribunal having jurisdiction. An earlier version of the provision permitted an appeal against an order of the Board to the Central Government.
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