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<h1>Regulation 4: File Settlement Applications Within 60 Days or Face Interest and Fees for Late Submission</h1> Regulation 4 of the Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014, outlines the time limits for filing settlement applications. Applications must be submitted within sixty days from the date of the latest notice to show cause. However, the panel of whole-time members may consider late applications if there is a valid reason, accompanied by a delay condonation application and non-refundable fees. If filed after sixty additional days, a 6% annual interest is added to the settlement amount. This regulation does not apply to proceedings in tribunals or courts.