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          <h1>New Section 23JA Enables Settlement with SEBI for Proceedings Under Sections 12A or 23-I, No Appeals Allowed</h1> Section 23JA, added to the Securities Contracts (Regulation) Act, 1956 by the Securities Laws (Amendment) Act, 2014, allows individuals facing or potentially facing proceedings under sections 12A or 23-I to apply for settlement with the Securities and Exchange Board of India (SEBI). The Board can agree to a settlement based on the nature and impact of the alleged defaults, requiring payment or other terms as per SEBI regulations. The procedure for settlement follows SEBI's specified rules, and no appeal can be made against the Board's or adjudicating officer's order under this section.

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