SEBI Settlement Scheme 2020 extended till 31.12.2020 _ by CS Lalit Rajput

SEBI Settlement Scheme 2020 extended till 31.12.2020

SEBI on 31st day of October, 2020 has issued Public notice in respect of Extension of the SEBI Settlement Scheme 2020.

• Extension Came: In this Notice, Upon consideration of the same, the competent authority has approved the extension of the period of the Scheme till December 31, 2020, In view of the large scale disruption caused by the Covid-19 pandemic, many representations were received by SEBI, seeking extension of the period of the Scheme

• Previous Period: commenced on August 01, 2020 and was to end on October 31, 2020.

• About the SEBI Settlement Scheme 2020: Background:

Vide public notice dated July 27, 2020, SEBI has introduced the Settlement Scheme (“the Scheme”) which proposes to provide a onetime settlement opportunity to those entities that have executed trade reversals in the stock options segment of BSE during the period from April 01, 2014 to September 30, 2015 and against whom enforcement proceedings have been approved by SEBI

Source: https://www.sebi.gov.in/media/public-notices/oct-2020/public-notice-in-respect-of-extension-of-the-sebi-settlement-scheme-2020_48049.html

Disclaimer: Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

LEAVE A REPLY

Please enter your comment!
Please enter your name here