Settlement terms allow monetary and non monetary sanctions, including disgorgement credited to the investor protection fund and compliance directives. Settlement terms may include a settlement amount and/or non-monetary terms under Schedule-II. Non-monetary directions include suspension or closure, removal from management, debarment, cancellation of fraudulently issued securities and reimbursements, voluntary lock in, disgorgement where investors can be identified, enhanced policies, independent consultant reviews, training, and internal audit and reporting requirements. Settlement amount excluding legal costs and disgorgement is credited to the Consolidated Fund; fees and legal costs forming part of settlement are credited to the Board's General Fund; disgorged ill gotten profits are credited to the Investor Protection and Education Fund.
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 terms allow monetary and non monetary sanctions, including disgorgement credited to the investor protection fund and compliance directives.
Settlement terms may include a settlement amount and/or non-monetary terms under Schedule-II. Non-monetary directions include suspension or closure, removal from management, debarment, cancellation of fraudulently issued securities and reimbursements, voluntary lock in, disgorgement where investors can be identified, enhanced policies, independent consultant reviews, training, and internal audit and reporting requirements. Settlement amount excluding legal costs and disgorgement is credited to the Consolidated Fund; fees and legal costs forming part of settlement are credited to the Board's General Fund; disgorged ill gotten profits are credited to the Investor Protection and Education Fund.
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