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SEBI, SAT Spar Over Technical Member Vacancy
Can SAT function without a technical member? SEBI says no; SAT says yes.
25 May 2021, 01:58 PM IST
Today, Securities and Exchange Board of India has raised an objection. Tomorrow a private litigant would. It would be a never-ending process. This issue needs to be resolved on the judicial side as well.In saying so, the Securities Appellate Tribunal has referred the question of its functioning without a technical member to the Chief Justice of India.Here’s how it came to this.On March 31, SAT’s technical member demitted office. Sinc...
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