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<h1>Ombudsman Can Award Compensation with Interest Under Regulation 21; Frivolous Complaints May Incur Costs</h1> The Securities and Exchange Board of India (Ombudsman) Regulations, 2003, under Regulation 21, authorize the Ombudsman or the Board to award reasonable compensation with interest, including future interest, not exceeding one percent per month until the award is satisfied. They may also determine and include the cost of proceedings in the award or order. Additionally, the Ombudsman or the Board can impose costs on complainants for filing frivolous complaints or petitions for review.