Settlement application requirement: file for settlement and remit the required amount to avoid continuation of proceedings. SEBI issues a notice identifying prima facie securities law violations and offers settlement by filing a settlement application under the Regulations ... Summary
Settlement application requirement: file for settlement and remit the required amount to avoid continuation of proceedings.
SEBI issues a notice identifying prima facie securities law violations and offers settlement by filing a settlement application under the Regulations together with remittance of a settlement amount and compliance with specified non-monetary terms within the prescribed period; failure to remit or comply allows the Board to initiate or continue specified proceedings, reserves the Board's right to modify charges, and limits future settlement applications while proceedings remain pending.
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