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of <h1>SEBI Settlement Application Withdrawals Allowed Before Decision, Reapplication Requires New Grounds and Fees, Amended 2017.</h1> An application to the Securities and Exchange Board of India (SEBI) for settlement of administrative and civil proceedings can be withdrawn at any time before the panel of whole time members communicates their decision. Once withdrawn, the applicant cannot reapply for the same default. However, the application may be reconsidered at a later stage if the applicant provides adequate grounds, pays additional fees, and covers interest on the settlement amount from the withdrawal date to the payment date, as recommended by the high-powered advisory committee. This provision was amended in 2017.
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