In which year was the Securities Appellate Tribunal (SAT) established in India?

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SSC MTS 2020 (Held On : 13 Oct 2021 Shift 2 ) Official Paper 20
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  1. 1990
  2. 1992
  3. 1994
  4. 1997

Answer (Detailed Solution Below)

Option 2 : 1992
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Detailed Solution

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The correct answer is 1992.

Important Points

  • Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992.
  • Securities Appellate Tribunal deals with cases with respect to SEBI, IRDAI and PFRDA.
  • The jurisdiction of the Securities Appellate Tribunal is the whole of India.
  • The Securities Appellate Tribunal has only one bench which sits in Mumbai.
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