Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014 Chapter VI-A Summary Settlement Procedure
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Settlement application restriction: failure to file or remit permits initiation or continuation of administrative proceedings. Regulation 14C provides that if a noticee does not file a settlement application, does not remit the settlement amount, fails to comply with non monetary ... Summary
Settlement application restriction: failure to file or remit permits initiation or continuation of administrative proceedings.
Regulation 14C provides that if a noticee does not file a settlement application, does not remit the settlement amount, fails to comply with non monetary terms to the Board's satisfaction, or withdraws a settlement application, specified proceedings may be initiated or continued; the noticee may file a settlement application in respect of proceedings pending before a court or tribunal only after conclusion of proceedings before the Adjudicating Officer or the Board.
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