Regulation 25 - Proceeding before the Panel of Whole Time Member
Securities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026 Chapter V CONSTITUTION, PROCEDURES AND POWERS OF COMMITTEES AND PANEL OF WHOLE TIME MEMBER
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Panel review of settlement recommendations permits acceptance, reconsideration, or reasoned rejection, with payment and compliance obligations following approval. The Panel of Whole Time Member may accept or reject settlement recommendations in covered specified proceedings. On non-acceptance, it may return the ... Summary
Securities and Exchange Board of India (Settlement of Administrative and CIVIL Proceedings) Regulations, 2026
Panel review of settlement recommendations permits acceptance, reconsideration, or reasoned rejection, with payment and compliance obligations following approval.
The Panel of Whole Time Member may accept or reject settlement recommendations in covered specified proceedings. On non-acceptance, it may return the application for re-examination of settlement terms or record and communicate reasons for declining the recommendation. On acceptance of a High Powered Advisory Committee recommendation, the applicant must pay the settlement amount through the dedicated payment gateway and comply with all settlement terms and conditions. The Panel may, for recorded reasons based on the case facts and gravity of charges, determine a lower or higher settlement amount.
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