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        SEBI

        Regulation 7 - Effect of pending application on the specified proceedings

        Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014
        Chapter III
        SCOPE OF SETTLEMENT

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        Effect of settlement application: filing does not pause proceedings but places the final order in abeyance until disposal. Filing a settlement application does not suspend continuance of the specified proceedings, but the final order in those proceedings is kept in abeyance until the application is disposed of. If the application is filed in respect of proceedings that may be initiated against the applicant, initiation of such proceedings is not to occur while the application is pending and may proceed only after the application is rejected or withdrawn.
                          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.

                                Effect of settlement application: filing does not pause proceedings but places the final order in abeyance until disposal.

                                Filing a settlement application does not suspend continuance of the specified proceedings, but the final order in those proceedings is kept in abeyance until the application is disposed of. If the application is filed in respect of proceedings that may be initiated against the applicant, initiation of such proceedings is not to occur while the application is pending and may proceed only after the application is rejected or withdrawn.


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