TaxTMI 
TaxTMI 
Remedial and Regulatory Term
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....and policies to prevent future securities laws violations as well as agreeing to appoint or engage an independent consultant to review internal policies, processes and procedures; (ii) Providing enhanced training and education to employees of intermediaries and securities market infrastructure institutions; (iii) Agreeing to submit to enhanced internal audit and reporting require....
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.... (xi) Voluntary debarment or suspension, refraining from accessing the securities market including prohibition from buying, selling or otherwise dealing in securities, directly or indirectly and associating with the securities market in any manner for a specific period, when: a. the seriousness and gravity of the violation is very high; b. the applicant is a key-operator or l....
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....eport, as part of the settlement terms; ii. Where the alleged violation has impacted the audited financial statements, but is not a continuing violation that continues to impact subsequent audited financial statements, the applicant shall be required to make appropriate disclosures on the stock exchange for each relevant previous years or period, as a part of the settlement terms; ....
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.... or illegal gains or losses averted by the applicant, by trading in the securities market during the time of mis-statement of financial or siphoning off of money, as brought out in the report or the Show Cause Notice or the order, may be considered while deciding the settlement term; vii. Where there are allegations of diversion or siphoning off of funds, and the applicant is willing to b....