Securities Appellate Tribunal (SAT) gets new presiding officer

Justice PS Dinesh Kumar, former Chief Justice, High Court of Karnataka, has been appointed as the presiding officer of the Securities Appellate Tribunal (SAT).

  • A SAT bench is supposed to consist of three members that includes a presiding officer and a technical member.
  • At least one judicial member is required to pronounce a final order.
  • Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992.
  • SAT hears appeals against orders passed by the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority of India and the Pension Fund Regulatory and Development Authority.

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