Home Acts & Rules SEBI Old-Provisions Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014 Chapters List Chapter VII SETTLEMENT ORDERS This
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Regulation 20 - Rejection in certain eventualities - Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014Extract Rejection in certain eventualities. 20. (1) The Board may at any time during the course of considering an application, reject an application on the following grounds: (a) Where the applicant refuses to receive or respond to the communications sent by the Board; (b) Where the applicant does not submit or delays the submission of information, document, etc., required by the Board; (c) Where the applicant who is required to appear, but does not appear before the internal committee on more than one occasion; (d) Where the applicant violates in any manner the undertaking and waivers as specified in Part-C of the Schedule-I; (e) Where the applicant does not remit [the settlement amount within the period specified in clause (a) of sub-regulation (3) of regulation 14] 1 and/or does not abide by the undertaking and waivers. (2) The rejection under sub-regulation (1) shall be communicated to the applicant. ********* 1 Substituted for the words or delays the payment of settlement amount vide the Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) (Amendment) Regulations,2017 w.e.f. 27.02.2017.
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