SC: Omitted Relief Barred Despite Liberty to File Fresh Suit under Order 23 || SC: Custodial Confession Alone Cannot Justify Preventive Detention || SC: Failure to Pay Balance Sale Amount Can Lead to EMD Forfeiture under Auction Terms || Gujarat HC: CIC Cannot Order Suo Motu Disclosure of PM Modi’s Degree under RTI Act || MP HC: FIR Cannot Be Quashed Merely for Not Specifying Accused’s Role || MP HC: Joint Family Status Alone Does Not Establish Existence of Joint Family Funds || MP High Court Directs State Bar Council to Frame Stipend Guidelines for Junior Advocates || Allahabad High Court: Hookah Bars cannot Operate in UP; Clean Air Prevails over Trade || P&H HC: High Court’s Inherent Powers Cannot Be Used to Entertain a Second Revision || Delhi HC: Magistrate Must Examine Complainant, Hear Accused Before Taking Cognisance

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

Share :