Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2020

The Securities and Exchange Board of India on 22nd July, 2020, issued the Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2020 thereby amending the Regulations of 2018. The amendment substituted Schedule II, in Chapter VI, in Table X, providing NEW FINES 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)

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