Settlement proceedings amendment extends timelines, mandates electronic payments, and preserves transitional treatment for existing settlement notices Amendments extend initial payment deadlines and condition further extensions on timely application; remove demand draft requirement and permit electronic payments; omit Chapter VIII while providing a transitional rule treating existing Settlement Notices as if Chapter VIII remains operative; limit hearings to the Internal Committee; and revise schedules to reword payment modes and replace penalty tables, adjusting benchmark, residuary and category amounts and adding multipliers and guidance for settlement determination.
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Settlement proceedings amendment extends timelines, mandates electronic payments, and preserves transitional treatment for existing settlement notices
Amendments extend initial payment deadlines and condition further extensions on timely application; remove demand draft requirement and permit electronic payments; omit Chapter VIII while providing a transitional rule treating existing Settlement Notices as if Chapter VIII remains operative; limit hearings to the Internal Committee; and revise schedules to reword payment modes and replace penalty tables, adjusting benchmark, residuary and category amounts and adding multipliers and guidance for settlement determination.
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