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of <h1>Schedule-II Guidance Not Binding in SEBI Settlement Cases Per Regulation 32; Board May Apply Provisions Flexibly.</h1> Regulation 32 of the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018, states that Schedule-II of these regulations is relevant but not binding on the Board or an Adjudicating Officer in specified proceedings. The Board or Adjudicating Officer may apply the provisions of Schedule-II to the extent possible in such proceedings.
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