BusinessSEBI Introduces New Settlement Formula and Fast-Track Route
The Securities and Exchange Board of India (SEBI) has introduced new regulations revising the formula for calculating settlement amounts and a fast-track settlement route for cases involving amounts up to Rs 10 lakh. The framework removes double counting by separately accounting for disgorgement of wrongful gains and losses caused to investors. Settlement terms now include settlement amount, disgorgement, and remedial and regulatory terms, effective from October 6.
Deccan Herald··New Delhi


