Settlement proceedings notice: alleged securities violations may be settled by timely application, remittance and compliance with non monetary terms. Schedule III, Part A provides a notice template for summary settlement where SEBI prima facie finds securities law violations, encloses findings, and warns that proceedings may be initiated. It preserves the Board's right to modify charges. Subject to Regulation 5 and Chapter II, settlement is available on filing a settlement application, remitting the prescribed settlement amount and complying with any non monetary terms within the stipulated period; failure to comply permits initiation or continuation of proceedings and restricts subsequent settlement applications to later stages of adjudication or judicial proceedings.
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 proceedings notice: alleged securities violations may be settled by timely application, remittance and compliance with non monetary terms.
Schedule III, Part A provides a notice template for summary settlement where SEBI prima facie finds securities law violations, encloses findings, and warns that proceedings may be initiated. It preserves the Board's right to modify charges. Subject to Regulation 5 and Chapter II, settlement is available on filing a settlement application, remitting the prescribed settlement amount and complying with any non monetary terms within the stipulated period; failure to comply permits initiation or continuation of proceedings and restricts subsequent settlement applications to later stages of adjudication or judicial proceedings.
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