Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Amends Settlement Regulations: Introduces Summary Settlement Procedure for Certain Defaults, Effective December 26, 2017.</h1> The Securities and Exchange Board of India (SEBI) issued an amendment to the Settlement of Administrative and Civil Proceedings Regulations, 2014. Effective from December 26, 2017, the amendment introduces a Summary Settlement Procedure, allowing SEBI to issue a settlement notice before initiating proceedings for certain defaults, such as late filings or non-disclosures. The noticee has 30 days to apply for settlement, pay the specified amount, and comply with non-monetary terms. SEBI retains the right to modify proceedings, and if the settlement process is not completed, proceedings may continue. The amendment also includes changes to the schedules within the regulations.