CONSTITUTION, PROCEDURES AND POWERS OF COMMITTEES AND PANEL OF WHOLE TIME MEMBERSecurities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026
CONSTITUTION, PROCEDURES AND POWERS OF COMMITTEES AND PANEL OF WHOLE TIME MEMBERSecurities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026
Transitional settlement applications follow approval-stage rules, preserving approved terms while directing unresolved matters to fresh processing.
Regulation 44 governs pending settlement applications following repeal of the earlier settlement framework. Applications with settlement terms already approved by the Panel of Whole Time Member continue under those terms. Where recommendations exist but lack Panel approval, applicants may choose fresh processing under the current framework or processing under the earlier framework using the recommended settlement amount. Applications without recommendations are processed under the current framework after a fresh Internal Committee meeting.
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