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Sebi to overhaul settlement rules; approvers may get confidentiality, lenient terms

Updated : September 17, 2018 11:38 PM IST

The changes as per suggestions of a high-powered committee and the subsequent public comments to the settlement mechanism would be discussed by Sebi's board at a meeting scheduled tomorrow.
If an entity fails to file a plea after Sebi's settlement notice, any further settlement attempt will be permitted only after the proceedings are completed at Sebi's end and the matter is pending before a court or a tribunal.
Sebi to overhaul settlement rules; approvers may get confidentiality, lenient terms

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