Settlement application rejection and withdrawal preserve waivers, regulate refiling, and permit continuation of appropriate proceedings. Settlement applications may be rejected for non-response, delayed or incomplete submissions, repeated non-appearance, breach of undertakings or waivers, ... Summary
Securities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026
Settlement application rejection and withdrawal preserve waivers, regulate refiling, and permit continuation of appropriate proceedings.
Settlement applications may be rejected for non-response, delayed or incomplete submissions, repeated non-appearance, breach of undertakings or waivers, non-payment, or failure to meet settlement conditions. Withdrawal is permitted before communication of the Panel's decision. Refiling after rejection is allowed only at a subsequent stage if the earlier ground no longer applies, while withdrawn applications may be refiled at the same or a subsequent stage, subject to an additional settlement amount. Undertakings and waivers concerning limitation and laches remain valid.
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