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In which year was the Securities Appellate Tribunal (SAT) established in India?
1990
1992
1994
1997
Correct option 4: 4
The Securities Appellate Tribunal (SAT) was established in 1997 in India.
It was set up to hear and adjudicate appeals against orders passed by the Securities and Exchange Board of India (SEBI) and other authorities under the Securities and Exchange Board of India Act, 1992. SAT provides an alternative to the courts for resolving securities market disputes, making the process more efficient and specialized.
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