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        SEBI

        Section 15JB - settlement of administrative and civil proceedings

        Securities and Exchange Board of India Act, 1992
        Chapter VIA
        PENALTIES AND ADJUDICATION

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        Settlement of securities enforcement proceedings permits regulated persons to resolve defaults by Board approved terms, with limited appeal rights. A person facing specified enforcement proceedings may apply to the Board for settlement; the Board may accept proposals after considering the nature, gravity and impact of defaults and impose payment or other terms as determined by regulations. Settlement proceedings follow the Act's regulations, no appeal lies against settlement orders under the Act's appeal provision, and settlement amounts excluding disgorgement and legal costs are credited to the Consolidated Fund of India.
                    Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                    Provisions expressly mentioned in the judgment/order text.

                        Settlement of securities enforcement proceedings permits regulated persons to resolve defaults by Board approved terms, with limited appeal rights.

                        A person facing specified enforcement proceedings may apply to the Board for settlement; the Board may accept proposals after considering the nature, gravity and impact of defaults and impose payment or other terms as determined by regulations. Settlement proceedings follow the Act's regulations, no appeal lies against settlement orders under the Act's appeal provision, and settlement amounts excluding disgorgement and legal costs are credited to the Consolidated Fund of India.


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