Markets regulator Sebi has extended the deadline of the settlement scheme on illiquid stock options cases till January 21 for the entities who were involved in reversal trades in the stock options segment on BSE in 2014 and 2015.
The Settlement Scheme 2022, which commenced on August 22, was scheduled to end on November 21.
However, it has been observed during the last few days, a large number of entities have shown interest in availing the scheme. Considering the interest of entities in availing the scheme, the competent authority has extended the period of the scheme till January 21, 2023, Sebi said in the notice.
The scheme provides an opportunity for the entities who have executed reversal trades in the illiquid stock options segment from April 1, 2014, to September 30, 2015, and against whom enforcement action initiated by Sebi is pending to settle the case.
The present scheme has been made easier as the entities can apply online instead of submission of physical papers. The ..
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