What does FSAT mean in FINANCE
The Financial Sector Appellate Tribunal (FSAT) is an appellate body established in India to handle appeals against orders passed by financial sector regulators such as the Securities and Exchange Board of India (SEBI), Reserve Bank of India (RBI), Insurance Regulatory & Development Authority (IRDA) and Pension Fund Regulatory & Development Authority (PFRDA). Its main role is to provide a fast, effective and independent forum for the resolution of disputes related to the financial sector.
FSAT meaning in Finance in Business
FSAT mostly used in an acronym Finance in Category Business that means Financial Sector Appellate Tribunal
Shorthand: FSAT,
Full Form: Financial Sector Appellate Tribunal
For more information of "Financial Sector Appellate Tribunal", see the section below.
Essential Questions and Answers on Financial Sector Appellate Tribunal in "BUSINESS»FINANCE"
What is the purpose of the FSAT?
The main purpose of the FSAT is to provide a fast, effective and independent forum for the resolution of disputes related to the financial sector.
Who establishes FSAT?
FSAT was established in India by the Government of India.
Does FSAT only deal with appeals from financial regulators?
Yes, FSAT mainly deals with appeals from financial regulators such as SEBI, RBI, IRDA and PFRDA.
Does anyone other than an aggrieved party have access to FSAT apellate proceedings?
Yes, any person who has an interest in an appeal can participate in an appeal hearing before FSAT as long as they have obtained prior permission.
Is there a time limit on filing an appeal with regards to FSAT?
Yes, there is a time limit which varies depending on the regulator involved. SEBI gives parties six weeks from when it issues its order to file an appeal with FSAT while RBI allows three months from when its order is issued.
Final Words:
The Financial Sector Appellate Tribunal (FSAT) provides citizens with access to justice in cases involving complex financial matters. It offers a platform for individuals or organisations seeking redressal against regulatory orders within prescribed timelines and without incurring substantial costs. By providing speedy resolution through well-developed procedures, it helps improve investor confidence in India's securities markets.
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