Consider the following statements about Securities Appellate Tribunal (SAT):
1. It is a statutory body established under the provisions of the Securities and Exchange Board of India Act, 1992.
2. It hears and disposes of appeals against orders passed by SEBI only.
3. It has the same powers as vested in a civil court.
Which of the statements given above is/are correct?1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3
5
Only 1