law: Depositories Act, 1996 
  23. Appeals 
  (1) Any person aggrieved by 3[ an order of the Board
  
  made before the commencement of the Securities Laws (2nd Amendment) Act, 1999]
  
  under this Act, or the regulations made thereunder may prefer an appeal to the
  
  Central Government within such time as may be prescribed.
  (2) No appeal shall be admitted if it is preferred after the
  
  expiry of the period prescribed therefor:
  PROVIDED  that an appeal may be admitted after the
  
  expiry of the period prescribed therefor if the appellant satisfies the Central
  
  Government that he had sufficient cause for not preferring the appeal within
  
  the prescribed period.
  (3) Every appeal made under this section shall be made in such
  
  form and shall be accompanied by a copy of the order appealed against and by
  
  such fees as may be prescribed.
  (4) The procedure for disposing of an appeal shall be such as
  
  may be prescribed:
  PROVIDED  that before disposing of an appeal, the
  
  appellant shall be given a reasonable opportunity of being heard.