SECURITIES AND EXCHANGE BOARD OF INDIA (SETTLEMENT OF ADMINISTRATIVE AND CIVIL PROCEEDINGS) (AMENDMENT) REGULATIONS, 2017 - SEBI/LAD-NRO/GN/2016-17/036 - SEBI
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Settlement timing and interest: late filings and delayed payments attract additional fees and simple interest under amended SEBI settlement rules. Amendments condition late application consideration on a condonation request and additional processing fee, levy simple interest at six per cent per annum for filings after prescribed periods or for remittances made after thirty days up to ninety days, require settlement and condonation fees and legal costs to be credited to the SEBI General Fund, introduce a Settlement Notice with a fifteen day opportunity to apply, refine IA calculation including joint and several liability in specified cases and a fifteen per cent increase for multiple proceedings, and update stage based PCF multipliers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Settlement timing and interest: late filings and delayed payments attract additional fees and simple interest under amended SEBI settlement rules.
Amendments condition late application consideration on a condonation request and additional processing fee, levy simple interest at six per cent per annum for filings after prescribed periods or for remittances made after thirty days up to ninety days, require settlement and condonation fees and legal costs to be credited to the SEBI General Fund, introduce a Settlement Notice with a fifteen day opportunity to apply, refine IA calculation including joint and several liability in specified cases and a fifteen per cent increase for multiple proceedings, and update stage based PCF multipliers.
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