SEBI To Introduce SOPs for Uniform Settlement Norms: Report
Moneylife Digital Team 17 March 2025
The Securities and Exchange Board of India (SEBI) is in the process of finalising standard operating procedures (SOPs) to ensure uniformity in the application of settlement regulations amid a growing number of settlement cases. SEBI's whole-time member Kamlesh Chandra Varshney informed that the regulator is currently holding final discussions on the matter.
 
Speaking to PTI on the sidelines of a conference in New Delhi, Mr Varshney stated, "It is a work in progress... it is in final discussions." 
 
He pointed out a significant rise in settlements over the past five years, with 45% of enforcement orders now opting for settlement, compared to just 10% earlier.
 
He emphasised the need for consistency when applying the settlement formula, noting that identical situations in different cases should be treated similarly.
 
SEBI's regulations allow matters to be settled without admitting or denying the facts and conclusions of law, subject to specific conditions. 
 
However, Mr Varshney stressed the importance of having a consistent approach to calculating settlement values. He told PTI that "Different people should give the same value for the same situation in different cases... basically uniformity across cases... we will work on that."
 
The remarks were made at a national conference, focused on the economics of competition law, where Mr Varshney shared insights into SEBI's ongoing efforts to enhance transparency and fairness in its settlement processes.
Comments
Auditors Call for Forensic Investigation into IndusInd Bank's Derivatives Portfolio
Moneylife Digital Team 17 March 2025
In a significant development regarding the ongoing IndusInd Bank crisis, the joint auditors of the Hinduja group-promoted bank have formally requested a forensic audit of its troubled derivatives portfolio, according to an Economic...
NCLAT Orders Enquiry into 'Dubious' Order Passed by NCLT Chennai
SN Thyagarajan (Bar  and  Bench) 17 March 2025
The National Company Law Appellate Tribunal (NCLAT) has ordered an enquiry by the Principal Bench of National Company Law Tribunal (NCLT) into the functioning of the NCLT's Chennai Bench after citing irregularities in an order passed...
SEBI Imposes Rs4 Lakh Penalty on Foods and Inns MD and CEO for Failing To Comply with Insider Trading Code
Moneylife Digital Team 17 March 2025
Updated at 10.20am on 24 March 2024 to include comment from Bhupen Dalal, chairman of Foods and Inns

Market regulator Securities and Exchange Board of India (SEBI) has levied a total penalty of Rs4 lakh on Milan Dalal, managing...
SEBI’s Fight for Access: Balancing Privacy with Tougher Enforcement
Sucheta Dalal, 13 March 2025
The legal framework surrounding fair comment, influence-peddling, defamation and fraud in social media interactions is still evolving. As always, those exploiting social media’s vast reach for business gains are ahead of regulators...
Array
Free Helpline
Legal Credit
Feedback