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of <h1>Section 23D applies Limitation Act 1963 to Securities Appellate Tribunal appeals with necessary modifications</h1> Section 23D of the Depositories Act, 1996 establishes that the Limitation Act, 1963 applies to appeals made to the Securities Appellate Tribunal, subject to necessary modifications. The provision also excludes civil court jurisdiction in such matters. This section was inserted through the Securities Laws (Second Amendment) Act, 1999, effective December 16, 1999, creating a specialized appellate framework for securities-related disputes while incorporating standard limitation periods for filing appeals.
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