The SAT full form in law is Securities Appellate Tribunal. In India, a specialized quasi-judicial entity called the Securities Appellate Tribunal decides appeals and disputes pertaining to the securities market. The SAT was founded in accordance with the Securities and Exchange Board of India Act, 1992, and is essential to maintaining the honesty and openness of the Indian securities market.
Primary function of SAT:
Hearing appeals against the Securities and Exchange Board of India’s orders is the SAT’s main duty. SEBI is the regulatory body that oversees the Indian securities market. People or organizations may file an appeal with the SAT for redress if they believe that a SEBI decision—such as fines, restrictions, or regulatory actions—has wronged them. The tribunal ensures that all parties have a chance to present their arguments while reviewing the case in light of the facts, legal provisions, and natural justice principles.
Components of SAT:
A chairperson and two more members, usually with significant backgrounds in securities, finance, or law, make up the SAT. The tribunal is a crucial venue for investors, businesses, and market participants seeking justice in cases pertaining to securities regulation because it has the power to uphold, amend, or reverse the decisions made by SEBI.