Govt clears post of technical member in SAT
The government Thursday approved creation of the post of technical member in the Securities Appellate Tribunal (SAT) to expedite disposal of appeal cases. SAT deals with appeals filed against the orders of the Securities and Exchanges Board of India (Sebi), the Insurance Regulatory and Development Authority of India (Irdai) and the Pension Fund Regulatory and Development Authority (PFRDA).
"The Union Cabinet has approved the proposal for creation of the post of technical member in the Securities Appellate Tribunal (SAT), Mumbai, at the level of secretary to the Government of India in the (monthly) pay scale of Rs 2.25 lakh (fixed)," an official statement said. It said the creation of the post would facilitate the creation of an additional bench in SAT, Mumbai, thereby allowing speedy disposal of the increased number of appeals. It will be much beneficial to investors, pensioners and the general public.
"The securities market and the insurance sector are growing rapidly. With increase in the volume of trading in securities market, and clients in the insurance sector, it is likely that the grievances will also increase. Therefore, it is necessary that a speedy redressal system is established," the statement added.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Member of Congress
- Member of Parliament
- Members First Credit Union
- State government
- Government of India
- Government of Canada
- Company secretary
- Madam Secretary
- Georgia Secretary of State
- Share repurchase
- Multi Commodity Exchange
- Demat account
- Hotel Mumbai
- University of Mumbai
- Navi Mumbai
- Email client
- My Clients Plus- LLC
- Social work
- Chelsea Pensioner
- Rh blood group system
ALSO READ
Comic Con set to enthral pop culture enthusiasts in Mumbai
Mumbai Indians opt to bowl against Royal Challengers Bengaluru
USFDA issues warning letter to Kilitch Healthcare for Navi-Mumbai plant
Mumbai Indians beat Royal Challengers Bengaluru by seven wickets in IPL.
Police crack down on illegal stock trading call centre in Ujjain, arrest three individuals in Mumbai raids