Lawgist23Appeals
(1) Any person aggrieved by 2 [an order of the Board made before the commencement of the Securities Laws (Second Amendment) Act, 1999 (32 of 1999)] under this Act, or the regulations made thereunder may prefer an appeal to the Central Government within such time as may be prescribed.
(2) No appeal shall be admitted if it is preferred after the expiry of the period prescribed therefor:
Provided that an appeal may be admitted after the expiry of the period prescribed therefor if the appellant satisfies the Central Government that he had sufficient cause for not preferring the appeal within the prescribed period.
(3) Every appeal made under this section shall be made in such form and shall be accompanied by a copy of the order appealed against and by such fees as may be prescribed.
(4) The procedure for disposing of an appeal shall be such as may be prescribed:
Provided that before disposing of an appeal, the appellant shall be given a reasonable opportunity of being heard.
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1. Subs. by Act 32 of 1999, s. 14, for 'an order of the Board made" (w.e.f.16-12-1999).
- 22 Cognizance of offences by court
- 22A Composition of certain offences
- 22B Power to grant immunity
- 22C Establishment of Special Court
- 22D Offences triable by Special Court
- 22E Appeal and revisio
- 22F Application of Code to proceedings before Special Cour
- 22G Transitional provisions
- 23 Appeals
- 23A Appeal to Securities Appellate Tribunal
- 23B Procedure and powers of Securities Appellate Tribunal
- 23C Right to legal representation
- 23D Limitations
- 23E Civil Court not to have jurisdictio
- 23F Appeal to Supreme Cour
- 24 Power of Central Government to make rules
- 25 Power of Board to make regulations
- 26 Power of depositories to make bye-laws
- 27 Rules and regulations to be laid before Parliament
- 28 Application of other laws not barred
- 29 Removal of difficultie
- 30 Repealed.
- 30A Validation of certain acts
- 31 Repeal and saving
