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<h1>SEBI Updates Settlement Regulations: Extends Timelines, Introduces E-Payments, Revises Penalties, and Omits Chapter VIII Provisions.</h1> The Securities and Exchange Board of India (SEBI) has amended the Settlement Proceedings Regulations, 2018, effective from their publication date in the Official Gazette. Key changes include extending the timeline for certain actions from fifteen to thirty calendar days, allowing electronic payment methods, and omitting Chapter VIII while ensuring ongoing settlement notices are handled as if the chapter remains in force. Amendments also introduce opportunities for hearings before the Internal Committee and revise financial penalties and benchmarks for various violations, including those related to market infrastructure and fund-related defaults. Part B of Schedule III is omitted.