Informant reward: entitlement to a portion of monetary sanctions, capped, with interim payments and recovery linked balance conditions. SEBI may declare an informant eligible for a reward equal to ten percent of monetary sanctions subject to a maximum cap, with Board discretion over eligibility; interim payment rules permit a capped interim disbursement on issuance of the final order and condition payment of the balance on SEBI's collection or recovery of monetary sanctions amounting to at least twice the unpaid balance, with equal division of reward among joint informants and payment from 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.
Informant reward: entitlement to a portion of monetary sanctions, capped, with interim payments and recovery linked balance conditions.
SEBI may declare an informant eligible for a reward equal to ten percent of monetary sanctions subject to a maximum cap, with Board discretion over eligibility; interim payment rules permit a capped interim disbursement on issuance of the final order and condition payment of the balance on SEBI's collection or recovery of monetary sanctions amounting to at least twice the unpaid balance, with equal division of reward among joint informants and payment from the Investor Protection and Education Fund.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
