Settlement terms

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..... s may include the following: (a) Suspension or cessation of business activities for a specified period; (b) Exit from Management; (c) Disgorgement on account of the action or inaction of the applicant; (d) Refraining from acting as a partner or officer or director of an intermediary or as an officer or director of a company that has a class of securities regulated by the Board, for spe .....

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..... securities, directly or indirectly and associating with the securities market in any manner for a specific period. ] (3) The settlement amount, excluding the legal costs and disgorged amount, shall be credited to the Consolidated Fund of India. (4) The application fee referred to in sub-regulation (2) of regulation 3 and the legal costs, if any, forming part of the settlement amount shall b .....

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