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of <h1>Internal Committee Reviews Settlement Applications Under SEBI Regulations 2018; Revised Terms Due Within 15 Working Days</h1> An application for settlement under the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018, is referred to an Internal Committee to assess the possibility of settlement and determine terms. The Committee may request relevant information and documents from the applicant, require personal appearances (including via electronic means), and allow submission of revised settlement terms within fifteen working days. The proposed terms are then reviewed by the High Powered Advisory Committee. Amendments in 2022 adjusted timeframes for submitting revised terms and conditions precedent for application consideration.
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