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Sebi streamlines settlement procedures


Entities under probe for ‘serious violations’ in capital markets can seek settlement of the case only if they agree to make good the losses suffered by the investors to Securities and Exchange Board of India’s (Sebi’s) satisfaction, the regulator has opined.Regulations provide for settlement of the cases where proceedings have been or are yet to be initiated, while the cases where prosecution has been initiated are compoundable by the concerned court.
Source: Latest News

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