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Securities and Exchange Board of India Cuts Timeline for Filing Settlement Application to 60 Days - (18 Jan 2022)

CAPITAL MARKET

Securities and Exchange Board of India (SEBI) has cut the timeline for filing settlement applications to just 60 days from the current 180 days in its effort to make the system more efficient. Currently, a settlement application can be filed within 60 days of the date of receipt of the show-cause notice. However, an additional 120 days can be availed by the applicants in case they pay an additional 25% over the settlement charges.

Tags : SECURITIES AND EXCHANGE BOARD OF INDIA TIMELINE FOR FILING SETTLEMENT APPLICATION

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