Settlement terms govern payments, disgorgement, remedial measures, disclosures, and allocation of settlement-related credits in administrative and civil proceedings. Settlement terms may include a settlement amount, disgorgement of wrongful gains or losses, and remedial and regulatory terms, except where proceedings ... Summary
Settlement terms govern payments, disgorgement, remedial measures, disclosures, and allocation of settlement-related credits in administrative and civil proceedings.
Settlement terms may include a settlement amount, disgorgement of wrongful gains or losses, and remedial and regulatory terms, except where proceedings concern only penalties. Applicants subject to joint and several liability may be required to pay disgorgement and interest jointly or severally, while applicable disclosures form part of every settlement term. Settlement amounts are credited to the Consolidated Fund of India; application fees and legal costs go to the General Fund, and disgorged amounts with interest go to the Investor Protection and Education Fund.
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