Former Allahabad High Court judge Justice Mayank Jain associated with SAT, know what his work will be.

SAT Judicial Member: The Central Government has chosen Justice Mayank Kumar Jain because the second judicial member of the Securities Appellate Tribunal (SAT). He has been a judge in Allahabad High Court. He will stay on this publish for 4 years or till he turns 67 years outdated. His appointment was formalized in a notification issued by the Finance Ministry within the Official Gazette on January 3.

SAT works underneath the Finance Ministry

SAT is a statutory physique established underneath the Securities and Exchange Board of India (SEBI) Act, to listen to appeals in opposition to orders handed by SEBI, Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund Regulatory and Development Authority (PFRDA). They need to be dealt with. It retains an eye fixed on any form of market manipulation, buying and selling and violation of guidelines in addition to handles different issues falling underneath the jurisdiction of SEBI. SAT works underneath the Finance Ministry and has just one department in Mumbai.

Till now SAT used to work with single bench

At current, SAT works with a single bench headed by former Karnataka High Court judge Dinesh Kumar. He assumed this accountability in April 2024. Other technical members of SAT are Meera Swarup and Dheeraj Bhatnagar. The inclusion of Justice Mayank Kumar Jain in SAT will assist in fixing the rising instances as rapidly as attainable.

Justice Mayank began his profession in 1990

After finishing his commencement in regulation from Meerut University in 1984, he began his observe in civil regulation in Muzaffarnagar. His judicial profession began in 1990. At that point he was appointed as Munsif. By December 2008, he was promoted to the Higher Judicial Services (HJS) cadre. After this he took cost of many vital posts. These included working as a member of the Commercial Tax Tribunal in Meerut in addition to holding division benches in cities like Ghaziabad, Saharanpur and Bareilly. He retired in November 2024.

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