Settlement of Administrative and Civil Proceedings permits regulatory settlement of alleged defaults subject to Board-determined terms and no statutory appeal. A new provision permits persons subject to proceedings under section 19 or 19H to apply in writing to the Board for settlement; the Board may, after considering the nature, gravity and impact of defaults, agree to settlement on payment or other terms determined under regulations framed under the Securities and Exchange Board of India Act, 1992. The procedure specified by the Board under that Act governs such settlements, and no appeal lies under section 23A against orders by the Board or the adjudicating officer under this section.
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 Administrative and Civil Proceedings permits regulatory settlement of alleged defaults subject to Board-determined terms and no statutory appeal.
A new provision permits persons subject to proceedings under section 19 or 19H to apply in writing to the Board for settlement; the Board may, after considering the nature, gravity and impact of defaults, agree to settlement on payment or other terms determined under regulations framed under the Securities and Exchange Board of India Act, 1992. The procedure specified by the Board under that Act governs such settlements, and no appeal lies under section 23A against orders by the Board or the adjudicating officer under this section.
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