Tax Management India. Com
                        Law and Practice: A Digital eBook ...

☞ Data-bank

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News D. Forum
Highlights
What's New  Latest Cases 

Share:      

        Home        
 
Home Notifications 2022 SEBI SEBI - 2022 This
← Previous Next →
  • Login
  • Plus+

Tax Updates - TMI e-Newsletter

User Login
Username  
Password  
Stay sign in     

Forget password       New User/ Regiser



 

Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/62 - SEBI

Extract

..... 5, in sub-regulation (2), in clause (i), after the words and symbol “has market wide impact,”, the word “or”, shall be inserted. (3) in regulation 6, in the sub-regulation (1), - (a) after the words "An application may” and before the words “at any time be rejected”, the word “also”, shall be inserted; (b) in the clause (b), after the words and symbols "delays the submission of information, document,” and before the words and symbols “etc., as called for by the Board”, the words and symbol “Revised Settlement Terms, “, shall be inserted; (c) after the clause (e), following clause shall be inserted, namely, - “(f) Where the applicant fails to comply with the condition precedent(s) for settlement within the time as required by the Internal Committee.” (4) in regulation 9, - (a) in sub-regulation (2), (i) in clause (i), for the symbol ‘.’, the symbol ‘;’ shall be substituted; (ii) after clause (i), following clause, shall be inserted, namely, - “(j) Restraining from accessing the securities market and/or prohibiting from buying, selling or otherwise d .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/62 - SEBI

X X   X X   Extracts   X X   X X

..... the second proviso, the following explanation shall be inserted, namely, - “Explanation. - For the removal of doubts, it is clarified that the power to seek the difference under this regulation shall include and always be deemed to have included the profits gained or losses avoided out of the violations for which the specified proceedings also have been initiated.” (9) in regulation 33 for the words “arriving at a proposal pursuant to”, the words “determining the terms while processing”, shall be substituted. (10) in Schedule I, (a) in Part A, in clause 13, after the word “pending”, the words and symbol “, including details of hearing opportunity given by the Board or AO, if any”, shall be inserted; (b) in Part B, for the words and symbols “direct credit in the bank account through NEFT/RTGS/IMPS or any other electronic mode allowed by RBI:”, the words and symbol “payment through the dedicated payment gateway provided for the purpose:” shall be substituted. (11) in Schedule II, - (a) in Chapter I, in clause 2, i. after the words “case may be”, for the symbol “:”, the symbol .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/62 - SEBI

X X   X X   Extracts   X X   X X

..... 00/- For every three months delay or part thereof 5% to less than 10% ₹ 7 lakh + ₹ 15,000/- For every three months delay or part thereof 10 % to less than 15% ₹ 9 lakh + 0.1 % of the value of the holding not disclosed, etc. + ₹ 20,000/- For every three months delay or part thereof 15% and above ₹ 10 lakh + 0.1 % of the value of the holding not disclosed, etc. + ₹ 25,000/- For every three months delay or part thereof Notes to Table VII: 1. Table VII is not applicable in cases where the disclosure related violation is in combination with Fraudulent and Unfair Trade Practices or Insider Trading. Explanation: Dealing while in possession of material financial or shareholding information may be treated as Insider Trading. 2. The BA for violation at (II) shall only be as per the lowest slab, irrespective of change in shareholding over the reporting period. In case of violations related to disclosures that are required to be made annually the amount for delay for every three months or part thereof shall be computed only for the first disclosure violation. In case the noticee complies with the annual reporting requirements for a few years, such compliance .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/62 - SEBI

X X   X X   Extracts   X X   X X

..... disclosure requirements in a Quarter, then the value of highest change and maximum delay may be considered for arriving at the Base Amount irrespective of the count of violations.”; (iii) in Table IX, for the words ‘Foreign Institutional Investors’, the words ‘Foreign Portfolio Investors’ shall be substituted. (iv) for Table X, the following table shall be substituted: Table-X RESIDUARY BASE AMOUNT, FOR EACH UNIT OF ALLEGED DEFAULT FOR EACH APPLICANT OR ON JOINT LIABILITY BASIS (AS PER THE SUM OF APPLICABLE AMOUNTS IN CASE OF JOINT APPLICANTS) BASE AMOUNT WHERE: NAME LENDERS# (I) BODY CORPORATES & INDIVIDUALS (WHEN NOT IN I, III-V) (II) INTERMEDIARY INCLUDING PRINCIPAL OFFICERS (III) MARKET INFRASTRUCTURE INSTITUTIONS INCLUDING PRINCIPAL OFFICERS (IV) FUND RELATED DEFAULTS I NCLUDING PRINCIPAL OFFICERS (V) DEFAULTS RELATE RUPEES 10 RUPEES 40 RUPEES 20 ₹ 2 CRORE RUPEES 40 TO FUTP OR IT, FALSE/ MISLEADING/ INCORRECT/ INCOMPLETE DISCLOSURES IN OFFER DOCUMENTS, OR FAILURE BY MARKET INFRASTRUCTURE INSTITUTIONS TO CONDUCT BUSINESS IN THE REQUIRED MANNER, (M) LAKHS LAKHS LAKHS LAKHS VIOLATION INVOLVED AT (M) IS APPLICABLE AND, - SUCH VIOLATION DIREC .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2022 - SEBI/LAD-NRO/GN/2022/62 - SEBI

X X   X X   Extracts   X X   X X

  1. Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  2. DEPOSITORIES ACT, 1996
  3. SECURITIES CONTRACTS (REGULATION) ACT, 1956
  4. Securities and Exchange Board of India Act, 1992
  5. Section 31 - Power of Securities and Exchange Board of India to make regulations - SECURITIES CONTRACTS (REGULATION) ACT, 1956
  6. Section 30 - Power to make regulations - Securities and Exchange Board of India Act, 1992
  7. Section 25 - Power of Board to make regulations. - DEPOSITORIES ACT, 1996
  8. Section 23JA - Settlement of administrative and civil proceedings - SECURITIES CONTRACTS (REGULATION) ACT, 1956
  9. Section 19IA - Settlement of Administrative Civil Proceedings. - DEPOSITORIES ACT, 1996
  10. Section 15JB - settlement of administrative and civil proceedings - Securities and Exchange Board of India Act, 1992
  11. SCHEDULE II - GUIDELINES FOR ARRIVING AT SETTLEMENT TERMS - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  12. SCHEDULE I - Application for settlement - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  13. Regulation 9 - Settlement terms - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  14. Regulation 6 - Rejection of application - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  15. Regulation 5 - Scope of settlement proceedings - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  16. Regulation 4 - Limitation - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  17. Regulation 31 - Irregularity in procedure - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  18. Regulation 26 - Settlement Schemes - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  19. Regulation 15 - Action on the recommendation of High Powered Advisory Committee - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018
  20. Regulation 13 - Proceedings before the Internal Committee - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018

 

← Previous Next →

 

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||