Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014 Chapter VI-A Summary Settlement Procedure
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Settlement notice power allows issuance of settlement offers for specified pending proceedings under the existing settlement procedure. Regulation 14B permits the Board to issue a notice of settlement for specified proceedings pending on commencement of the Chapter, applying the procedure ... Summary
Settlement notice power allows issuance of settlement offers for specified pending proceedings under the existing settlement procedure.
Regulation 14B permits the Board to issue a notice of settlement for specified proceedings pending on commencement of the Chapter, applying the procedure of regulation 14A mutatis mutandis. A proceeding is not regarded as initiated and pending for this purpose unless the Board has communicated the matter to the authority that will conduct the proceeding.
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