Settlement application rejection and withdrawal preserve enforcement proceedings while permitting qualified refiling subject to additional settlement payment. Settlement applications may be rejected for non-response, delayed submissions, repeated non-appearance, breach of undertakings or waivers, non-payment, or ... Summary
Securities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026
Settlement application rejection and withdrawal preserve enforcement proceedings while permitting qualified refiling subject to additional settlement payment.
Settlement applications may be rejected for non-response, delayed submissions, repeated non-appearance, breach of undertakings or waivers, non-payment, or non-compliance with settlement conditions. Withdrawal is allowed before communication of the decision on acceptance or rejection. Refiling after rejection is limited to a subsequent stage where the earlier defect no longer applies, while withdrawn applications may be refiled at the same or a later stage. Refiling requires an additional settlement amount, and undertakings and waivers remain valid after rejection or withdrawal.
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