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        SEBI

        Regulation 21 - COST AND INTEREST

        Securities and Exchange Board of India (Ombudsman) Regulations, 2003
        Chapter IV
        PROCEDURE FOR REDRESSAL OF GRIEVANCE

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        Compensation and interest: Ombudsman may award reasonable compensation with interest and determine costs, and penalize frivolous complaints. Regulation 21 authorizes the Ombudsman, or the Board on review, to award reasonable compensation with interest until satisfaction and to determine and include the costs of proceedings in the award or order; it also permits imposing costs on complainants who file frivolous complaints or review petitions.
                          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.

                                Compensation and interest: Ombudsman may award reasonable compensation with interest and determine costs, and penalize frivolous complaints.

                                Regulation 21 authorizes the Ombudsman, or the Board on review, to award reasonable compensation with interest until satisfaction and to determine and include the costs of proceedings in the award or order; it also permits imposing costs on complainants who file frivolous complaints or review petitions.


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