n NISM Certifications
X NISM Series X
Medium

The Securities Appellate Tribunal (SAT) is bound by the procedures outlined in the Code of Civil Procedure, and this influences its functioning.

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    True

  2. False

    Correct answer

Why this is the answer

The Securities Appellate Tribunal is guided by the principles of natural justice and is not bound by the Civil Procedure Code, instead following its own procedural guidelines.

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