Capital markets regulator Sebi on Wednesday introduced a third settlement scheme for entities involved in reversal trades in the stock options segment on BSE in 2014 and 2015.
The scheme will commence on March 11 and conclude on May 10, the Securities and Exchange Board of India (Sebi) said in a statement.
After the expiry of the scheme period, actions as per the relevant provisions of securities laws will be continued against the entities which do not avail this opportunity for settlement.
Moreover, the regulator said that frequently asked questions with respect to the scheme will be available on the websites of Sebi and BSE on March 11.
The scheme would provide a settlement opportunity to all the entities that have executed reversal trades in the stock options between April 1, 2014, and September 30, 2015, against whom proceedings have been initiated and are pending before any authority or forum.
By availing the benefit of the scheme, the entities can settle such proceedings and

The initial share sale of JG Chemicals received 6.39 times subscription on the second day of bidding on Wednesday.
The Rs 251.2 crore-initial public offer received bids for 5,21,75,446 shares against 81,68,714 shares on offer, according to data available with the NSE.
The quota for non-institutional investors fetched 9.63 times subscription while the Retail Individual Investors (RIIs) part got subscribed 8.30 times. The category for Qualified Institutional Buyers (QIBs) received 45 per cent subscription.
The zinc oxide manufacturer’s Initial Public Offer (IPO) has a fresh issue of up to Rs 165 crore and an offer-for-sale of up to 39 lakh equity shares.
Its price range is fixed at Rs 210-221 a share.
JG Chemicals on Monday said it has collected over Rs 75 crore from anchor investors.
Proceeds from the fresh issue to the tune of Rs 91 crore will be utilised for investing in JG Chemicals’ material subsidiary BDJ Oxides and Rs 35 crore will be used for funding the long-term working .

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Kochi-based Popular Vehicles and Services, engaged in the automotive dealerships and services space, on Wednesday fixed Rs 280-295 as the price band for its Rs 602-crore initial share sale that opens on Tuesday next week.
The issue consists of Rs 250 crore of fresh issue and Rs 352 crore of offer for sale by the promoters led by Naveen Philip, the managing director of the company, and his Kuttukaran family, which now holds 69 per cent of the company.
Promoter Banyan Tree Growth Capital is selling 19 per cent of its 29 per cent ownership in the company.
Post-issue, the promoters’ shareholding will fall to 61 per cent while that of Banyan Tree will come down to 10 per cent, John Verghese, the chief financial officer of the company, told PTI here.
Banyan Tree has been with Popular since 2015 when it had picked up 33 per cent for Rs 65 crore. In the run-up to the issue, the PE had sold 3 per cent at Rs 355 a share back to the company.
According to Verghese, the floor price is 140 time