Sebi mulls settlement overhaul; plans fast-track route for cases up to Rs 10 lakh
Sebi on Friday proposed an overhaul of its settlement framework, including scrapping an additional 20 per cent settlement charge in certain multiple-proceeding cases and introducing a fast-track route for settlements involving amounts of up to Rs 10 lakh.
Sebi on Friday proposed an overhaul of its settlement framework, including scrapping an additional 20 per cent settlement charge in certain multiple-proceeding cases and introducing a fast-track route for settlements involving amounts of up to Rs 10 lakh.
The proposals are part of a consultation paper seeking to replace the existing Sebi (Settlement Proceedings) Regulations, 2018, with a new framework aimed at making settlement of enforcement proceedings simpler, faster and more predictable.
The proposed changes follow consultations with stakeholders and a review of settlement applications filed over the last two years.
