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of <h1>Section 15JB of SEBI Act allows settlement of certain proceedings; decisions are non-appealable under Section 15T.</h1> Section 15JB of the Securities and Exchange Board of India Act, 1992, introduced by the Securities Laws (Amendment) Act, 2014, allows individuals facing administrative or civil proceedings under specified sections to apply for settlement with the Board. The Board can agree to a settlement based on the nature, severity, and impact of the alleged violations, subject to terms and payments as per regulations. Settlement proceedings must follow the procedures outlined in the regulations, and decisions made under this section are not appealable under section 15T. This provision is effective retroactively from April 20, 2007.
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