The Ministry of Finance has recently through a gazette notification appointed a new presiding officer and a new technical member to the Securities Appellate Tribunal (SAT), that had been functioning with a single member for more than three months. Justice PS Dinesh Kumar, a former Chief Justice of Karnataka High Court, has been appointed as the Presiding Officer and Shri Dheeraj Bhatnagar, retired Principal Chief Commissioner of Income, Delhi has been appointed as a Technical Member.
The Hindu Business Line has featured a story in this regard on the new appointments at SAT.
In this background, Mr. Sumit Agrawal, Managing Partner of Regstreet Law Advisors and former SEBI officer has shared his insights with The Hindu Business Line.
He is of the view that “𝘐𝘵 𝘪𝘴 𝘢𝘯𝘵𝘪𝘤𝘪𝘱𝘢𝘵𝘦𝘥 𝘵𝘩𝘢𝘵 𝘵𝘩𝘦 𝘯𝘦𝘸 𝘢𝘱𝘱𝘰𝘪𝘯𝘵𝘦𝘦𝘴 𝘸𝘪𝘭𝘭 𝘱𝘳𝘰𝘮𝘱𝘵𝘭𝘺 𝘢𝘴𝘴𝘶𝘮𝘦 𝘵𝘩𝘦𝘪𝘳 𝘳𝘰𝘭𝘦𝘴, 𝘦𝘯𝘢𝘣𝘭𝘪𝘯𝘨 𝘚𝘈𝘛 𝘵𝘰 𝘧𝘶𝘭𝘭𝘺 𝘧𝘶𝘯𝘤𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘵𝘢𝘤𝘬𝘭𝘦 𝘵𝘩𝘦 𝘣𝘢𝘤𝘬𝘭𝘰𝘨 𝘰𝘧 𝘤𝘢𝘴𝘦𝘴 𝘢𝘤𝘤𝘶𝘮𝘶𝘭𝘢𝘵𝘦𝘥 𝘥𝘶𝘳𝘪𝘯𝘨 𝘵𝘩𝘦 𝘱𝘦𝘳𝘪𝘰𝘥 𝘰𝘧 𝘪𝘯𝘤𝘰𝘮𝘱𝘭𝘦𝘵𝘦 𝘲𝘶𝘰𝘳𝘶𝘮. 𝘔𝘰𝘳𝘦𝘰𝘷𝘦𝘳, 𝘵𝘩𝘦𝘺 𝘸𝘪𝘭𝘭 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘳𝘦𝘷𝘪𝘴𝘪𝘵 𝘴𝘦𝘷𝘦𝘳𝘢𝘭 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵 𝘤𝘢𝘴𝘦𝘴 𝘵𝘩𝘢𝘵 𝘸𝘦𝘳𝘦 𝘱𝘳𝘦𝘷𝘪𝘰𝘶𝘴𝘭𝘺 𝘩𝘦𝘢𝘳𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘳𝘦𝘵𝘪𝘳𝘪𝘯𝘨 𝘉𝘦𝘯𝘤𝘩 𝘣𝘶𝘵 𝘳𝘦𝘮𝘢𝘪𝘯𝘦𝘥 𝘶𝘯𝘳𝘦𝘴𝘰𝘭𝘷𝘦𝘥.” He further added that “𝘵𝘩𝘦 𝘢𝘱𝘱𝘰𝘪𝘯𝘵𝘮𝘦𝘯𝘵 𝘢𝘯𝘥 𝘯𝘰𝘵𝘪𝘧𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘰𝘧 𝘰𝘯𝘦 𝘮𝘰𝘳𝘦 𝘫𝘶𝘥𝘪𝘤𝘪𝘢𝘭 𝘮𝘦𝘮𝘣𝘦𝘳 𝘤𝘰𝘶𝘭𝘥 𝘳𝘦𝘴𝘶𝘭𝘵 𝘪𝘯 𝘵𝘸𝘰 𝘚𝘈𝘛 𝘉𝘦𝘯𝘤𝘩𝘦𝘴, 𝘸𝘩𝘪𝘤𝘩 𝘸𝘰𝘶𝘭𝘥 𝘴𝘪𝘨𝘯𝘪𝘧𝘪𝘤𝘢𝘯𝘵𝘭𝘺 𝘤𝘭𝘦𝘢𝘳 𝘵𝘩𝘦 𝘣𝘢𝘤𝘬𝘭𝘰𝘨 𝘰𝘧 𝘤𝘢𝘴𝘦𝘴.”
The article also features the expert views of Mr. Pulkit Sukhramani, Partner, JSA.
The Hindu BusinessLine Article is enclosed herewith. Further, the gazette notifications for the new appointments are accessible at: https://lnkd.in/g_3n379G
Readers are welcome to send their views to Regstreet Law Advisors at info@regstreetlaw.com
