Securities Intermediaries Compliance (Non Fund) Free Demo Test 9

The individual who is aggrieved by any order of the Securities Appellate Tribunal (SAT) has the right to file an appeal to the Supreme Court. The relevant timeframe within which this appeal must be filed is 60 days from the date of the SAT order. This period of 60 days allows the concerned party sufficient time to review the SAT decision, gather necessary documents, and initiate the appeal process to the higher authority, which is the Supreme Court. Individuals must adhere to this specified time limit to ensure the timely and proper resolution of their grievances in the legal system.

A person aggrieved by any SAT decision or order may file an appeal to the Supreme Court within 60 days from the date of communication of the SAT order.

In the case of negligence causing loss to the beneficial owner, the depository shall indemnify the beneficial owner.

The appointment of a compliance officer by debenture trustees is covered under Regulation 17A of the SEBI (Debenture Trustees) Regulations, 1993.

Every member of a recognized stock exchange is required to maintain and preserve contract notes for a period of 2 years according to Rule 15(2) of the Securities Contracts (Regulation) Rules.

Section 15HB of the SEBI Act deals with penalties for contraventions where specific penalties are not explicitly provided, allowing SEBI to address regulatory violations not covered elsewhere in the legislation.

Money laundering refers to the act of disguising financial assets to use them without detection of the illegal activity that produced them.