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Bare acts > Securities Laws (Second Amendment) Act, 1999 > Section 9
 
  


 

9. Amendment of section 15T.- In section 15T of the principal Act,--


(a) for sub-section (1), the following sub-section shall be substituted, namely:--

"(1) Save as provided in sub-section (2), any person aggrieved, --

(a) by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, under this Act, or the rules or regulations made thereunder; or

(b) by an order made by an adjudicating officer under this Act,

may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter.";

(b) for sub-section (2), the following sub-section shall be substituted, namely:--

"(2) No appeal shall lie to the Securities Appellate Tribunal from an order made--

(a) by the Board on and after the commencement of the Securities Laws (Second Amendment) Act, 1999;

(b) by an adjudicating officer, with the consent of the parties.";

(c) in sub-section (3), for the words "a copy of the order made by the adjudicating officer", the words "a copy of the order made by the Board or the adjudicating officer, as the case may be," shall be substituted;

(d) in sub-section (5), for the word "parties", the words "Board, the parties" shall be substituted.

 

 

 

 

 

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