Repeal and savings preserve settlement notices, orders, committees, and cross-references under the new administrative and civil proceedings framework. Regulation 45 repeals the 2018 settlement regulations from commencement while preserving continuity under the 2026 settlement framework. Summary ... Summary
Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
Repeal and savings preserve settlement notices, orders, committees, and cross-references under the new administrative and civil proceedings framework.
Regulation 45 repeals the 2018 settlement regulations from commencement while preserving continuity under the 2026 settlement framework. Summary settlement notices issued under the repealed regulations are treated as issued under, and handled under, the 2026 framework. Earlier settlement orders, the Internal Committee, and the High Powered Advisory Committee are deemed to continue under the 2026 Regulations. References in other regulations to the 2018 Regulations are read as references to the 2026 Regulations.
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