SEBI is considering an overhaul of its securities law settlement process, including a fast-track route for certain cases with values up to ₹10 lakh. The proposal aims to make settlements quicker and potentially reduce the costs involved.
Under the plan, the existing summary settlement route for specified violations would continue alongside the new fast-track framework. Business Line reports that SEBI’s overhaul is designed to cut settlement costs by around 50%. It also says the settlement window would be extended, with a period of up to 60 days before the issuance of a show-cause notice (SCN) and up to 90 days after the SCN.
While NDTV focuses on the fast-track approach for cases up to ₹10 lakh and notes that the existing summary settlement process would be retained, Business Line provides additional detail on cost reduction and the timeline for when parties can seek settlement. The overall direction across sources is toward streamlining settlement proceedings and adjusting related timelines, with the current summary mechanism staying in place.
