Section 55, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1G-GKZ]
As at 7 September 2026. In force from 26 January 1961.
55. Appeal.—(1) Any person aggrieved by an order of the Authority under this Act may, within ninety days from the date on which the order is communicated to him, prefer an appeal to the Securities Appellate Tribunal in such form and accompanied by such fee as may be prescribed. (2) The appellate authority may, after giving the appellant an opportunity of being heard, confirm, modify or set aside the order appealed against. (3) No appeal shall lie under this section against an order made with the consent of the parties.
Defined terms in this text (1)
Authority: Section 2, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1GEYJ] (In this Act, unless the context otherwise requires,—): "Authority" means the Insurance Regulatory and Development Authority of India established under section 3 of the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999)
Authority: 22 more definitions.
Made under this section, or naming it (0)
none
Cited by (3)
Section 58, Deposit Insurance and Credit Guarantee Corporation Act, 1961 [S1G-GPN], 26 January 1961, Band A. "section 55".
Section 2, Deposit Insurance and Credit Guarantee Corporation Act (Amendment) Act, 1964 [S1J-270], 9 April 1964, Band A. "section 55 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961)".
Section 2, Deposit Insurance and Credit Guarantee Corporation Act (Amendment) Act, 1979 [S1R-0A8], 24 February 1979, Band A. "section 55 of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47 of 1961)".
Not held (0)
none
Duties published under this section (0)
none