- Securities Appellate Tribunal is a statutory body established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992
- Its task is to hear and dispose of appeals against orders passed by the Securities and Exchange Board of India or by an adjudicating officer under the Act
- It also exercise jurisdiction, powers and authority conferred on the Tribunal by or under this Act or any other law for the time being in force.
- It covers the whole of India.
- Why in news? It quashed a SEBI order for giving different punishment to different companies for same offence.