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 “๐๐ต ๐ช๐ด ๐ข๐ฏ๐ต๐ช๐ค๐ช๐ฑ๐ข๐ต๐ฆ๐ฅ ๐ต๐ฉ๐ข๐ต ๐ต๐ฉ๐ฆ ๐ฏ๐ฆ๐ธ ๐ข๐ฑ๐ฑ๐ฐ๐ช๐ฏ๐ต๐ฆ๐ฆ๐ด ๐ธ๐ช๐ญ๐ญ ๐ฑ๐ณ๐ฐ๐ฎ๐ฑ๐ต๐ญ๐บ ๐ข๐ด๐ด๐ถ๐ฎ๐ฆ ๐ต๐ฉ๐ฆ๐ช๐ณ ๐ณ๐ฐ๐ญ๐ฆ๐ด, ๐ฆ๐ฏ๐ข๐ฃ๐ญ๐ช๐ฏ๐จ ๐๐๐ ๐ต๐ฐ ๐ง๐ถ๐ญ๐ญ๐บ ๐ง๐ถ๐ฏ๐ค๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ต๐ข๐ค๐ฌ๐ญ๐ฆ ๐ต๐ฉ๐ฆ ๐ฃ๐ข๐ค๐ฌ๐ญ๐ฐ๐จ ๐ฐ๐ง ๐ค๐ข๐ด๐ฆ๐ด ๐ข๐ค๐ค๐ถ๐ฎ๐ถ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ฅ๐ถ๐ณ๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ฑ๐ฆ๐ณ๐ช๐ฐ๐ฅ ๐ฐ๐ง ๐ช๐ฏ๐ค๐ฐ๐ฎ๐ฑ๐ญ๐ฆ๐ต๐ฆ ๐ฒ๐ถ๐ฐ๐ณ๐ถ๐ฎ. ๐๐ฐ๐ณ๐ฆ๐ฐ๐ท๐ฆ๐ณ, ๐ต๐ฉ๐ฆ๐บ ๐ธ๐ช๐ญ๐ญ ๐ฏ๐ฆ๐ฆ๐ฅ ๐ต๐ฐ ๐ณ๐ฆ๐ท๐ช๐ด๐ช๐ต ๐ด๐ฆ๐ท๐ฆ๐ณ๐ข๐ญ ๐ด๐ช๐จ๐ฏ๐ช๐ง๐ช๐ค๐ข๐ฏ๐ต ๐ค๐ข๐ด๐ฆ๐ด ๐ต๐ฉ๐ข๐ต ๐ธ๐ฆ๐ณ๐ฆ ๐ฑ๐ณ๐ฆ๐ท๐ช๐ฐ๐ถ๐ด๐ญ๐บ ๐ฉ๐ฆ๐ข๐ณ๐ฅ ๐ฃ๐บ ๐ต๐ฉ๐ฆ ๐ณ๐ฆ๐ต๐ช๐ณ๐ช๐ฏ๐จ ๐๐ฆ๐ฏ๐ค๐ฉ ๐ฃ๐ถ๐ต ๐ณ๐ฆ๐ฎ๐ข๐ช๐ฏ๐ฆ๐ฅ ๐ถ๐ฏ๐ณ๐ฆ๐ด๐ฐ๐ญ๐ท๐ฆ๐ฅ.” He further added that “๐ต๐ฉ๐ฆ ๐ข๐ฑ๐ฑ๐ฐ๐ช๐ฏ๐ต๐ฎ๐ฆ๐ฏ๐ต ๐ข๐ฏ๐ฅ ๐ฏ๐ฐ๐ต๐ช๐ง๐ช๐ค๐ข๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ง ๐ฐ๐ฏ๐ฆ ๐ฎ๐ฐ๐ณ๐ฆ ๐ซ๐ถ๐ฅ๐ช๐ค๐ช๐ข๐ญ ๐ฎ๐ฆ๐ฎ๐ฃ๐ฆ๐ณ ๐ค๐ฐ๐ถ๐ญ๐ฅ ๐ณ๐ฆ๐ด๐ถ๐ญ๐ต ๐ช๐ฏ ๐ต๐ธ๐ฐ ๐๐๐ ๐๐ฆ๐ฏ๐ค๐ฉ๐ฆ๐ด, ๐ธ๐ฉ๐ช๐ค๐ฉ ๐ธ๐ฐ๐ถ๐ญ๐ฅ ๐ด๐ช๐จ๐ฏ๐ช๐ง๐ช๐ค๐ข๐ฏ๐ต๐ญ๐บ ๐ค๐ญ๐ฆ๐ข๐ณ ๐ต๐ฉ๐ฆ ๐ฃ๐ข๐ค๐ฌ๐ญ๐ฐ๐จ ๐ฐ๐ง ๐ค๐ข๐ด๐ฆ๐ด.”
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
