Relaxation of procedural timelines allows limited extensions for uncontrollable delays, excludes specified deadlines, and may increase late settlement payments. Regulation 42 permits the Panel of Whole Time Member to relax deadlines where the delay is no more than thirty days old, arose from factors beyond the ... Summary
Securities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026
Relaxation of procedural timelines allows limited extensions for uncontrollable delays, excludes specified deadlines, and may increase late settlement payments.
Regulation 42 permits the Panel of Whole Time Member to relax deadlines where the delay is no more than thirty days old, arose from factors beyond the applicant's control, and relaxation furthers the regulatory objective. The power excludes specified time limits. Extensions for payment of settlement amounts after a demand notice deadline may not exceed thirty days and may carry a one percent increase in the settlement amount.
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