Non-binding guidance: Schedule-II may inform settlement proceedings while leaving Board and adjudicators discretion intact. Schedule-II of the Settlement Proceedings Regulations functions as relevant but non-binding guidance in specified proceedings; the Board or an ... Summary
Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
Non-binding guidance: Schedule-II may inform settlement proceedings while leaving Board and adjudicators discretion intact.
Schedule-II of the Settlement Proceedings Regulations functions as relevant but non-binding guidance in specified proceedings; the Board or an Adjudicating Officer is not bound by Schedule-II but may apply its provisions to the extent possible, allowing discretionary implementation of its principles while preserving decision-maker autonomy.
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