Appellate remedy for regulatory orders shifted from central review to tribunal jurisdiction before eventual omission. Regulation 43 concerning procedure for action in default was omitted with effect from 27 September 2002. Before omission, it provided an appellate remedy ... Summary
Appellate remedy for regulatory orders shifted from central review to tribunal jurisdiction before eventual omission.
Regulation 43 concerning procedure for action in default was omitted with effect from 27 September 2002. Before omission, it provided an appellate remedy to the Securities Appellate Tribunal having jurisdiction for persons aggrieved by Board orders made under the regulations after commencement of the Securities Laws (Second Amendment) Act, 1999. An earlier formulation permitted appeals against Board orders to the Central Government.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.