SEBI has issued a Consultation paper on “Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty. Following procedure is proposed to be issued through a circular:
“The application seeking waiver or reduction of interest may be forwarded to the Recovery Officer having the necessary jurisdiction over the matter”
Public comments are invited on the above “Procedure for seeking waiver or reduction of interest in respect of recovery proceedings initiated for failure to pay penalty”. The comments/ suggestions should be submitted by latest by December 02, 2024, through the online web-based form.
