As many as 107 applications pertaining to flouting of securities law were settled with capital markets regulator Sebi fetching Rs 59 crore through settlement charges in 2021-22.
This was way lower than 216 applications disposed of by passing appropriate settlement orders and the regulator collected Rs 68.23 crore in 2020-21, according to the latest disclosure made by Sebi in its annual report.
The settlement orders were passed in cases related to alleged violations of AIF (Alternative Investment Funds) as well as mutual fund norms, insider trading rules, PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) and LODR (Listing Obligations and Disclosure Requirements) rules, among others.
Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee.
The settlement mechanism is a tool for ensuring speedy and efficient resolution of disputes.
During 2021-22, Sebi received 345 ..
| Subscribe To Our Free Newsletter |
