Securities and Exchange Board of India (Settlement of Administrative And Civil Proceedings) (Amendment) Regulations, 2016

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..... Administrative And Civil Proceedings) (Amendment) Regulations, 2016 No. SEBI/LAD-NRO/GN/2016-17/010.- In exercise of the powers conferred under section 15JB of the Securities and Exchange Board of India Act, 1992 , section 23JA of the Securities Contracts (Regulation) Act, 1956 and section 19-IA of the Depositories Act, 1996 read with section 30 of the Securities and Exchange B .....

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..... n clause (b) after the proviso the following shall be inserted, namely- Provided further that the defaults under this clause shall be considered in accordance with these regulations and also the guidelines specified in Schedule-II. (II) In Schedule- II, in Chapter I, - (1) item (11) shall be renumbered as item (12); (2) after item (10) and before item (12) so renumbered, the follow .....

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..... eria are attracted, the application may be considered for settlement, if the applicant has made or intends to make good the losses to the investors in terms of the first proviso to clause (b), provided he undertakes in writing that,- for the limited purpose of settling the administrative and civil proceedings I/We admit the charge before the Securities and Exchange Board of India. (d) W .....

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..... of any banking or micro-finance institution or a systemically important non-banking financial company or stock exchange or clearing corporation or a depository shall be relevant factors for considering the seriousness of the default. (f) Market wide impact: shall mean the defaults which have a bearing on the securities market as a whole and not just the listed security and its investors which .....

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..... ttlement of Administrative and Civil Proceedings) Regulations, 2014 were published in the Gazette of India on January 09, 2014 vide No. LAD-NRO/GN/2013-14/37/50. 2. The SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 were subsequently amended on:- (1) 15th September, 2014 by Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings .....

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