https://www.taxtmi.com/acts?id=56597 The stage-of-proceeding factor (S) determines settlement valuation according to the status of an enforcement proceeding when the settlement application is filed. Different values apply from voluntary or suo motu settlement through proceedings before a show cause notice, after a show cause notice, before designated or Board-level forums, the Tribunal, and the Supreme Court. For multiple proceedings arising from the same cause of action, the most advanced stage governs the applicable factor. en-us Fri, 09 Oct 2026 14:20:29 +0530 Fri, 09 Oct 2026 16:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=56597 The stage-of-proceeding factor (S) determines settlement valuation according to the status of an enforcement proceeding when the settlement application is filed. Different values apply from voluntary or suo motu settlement through proceedings before a show cause notice, after a show cause notice, before designated or Board-level forums, the Tribunal, and the Supreme Court. For multiple proceedings arising from the same cause of action, the most advanced stage governs the applicable factor. Act-Rules SEBI Fri, 09 Oct 2026 14:20:29 +0530 https://www.taxtmi.com/acts?id=56597