SEBI Witnesses Spike in Settlement Pleas Amidst Rising Financial Disputes
The Securities and Exchange Board of India (SEBI) observed a significant rise in settlement applications, with 703 pleas in 2024-25, indicating a preference for resolving disputes outside court. SEBI collected Rs 798.87 crore in settlement charges. Many appeals were filed, with a majority relating to fraudulent trade practices.
- Country:
- India
The Securities and Exchange Board of India (SEBI) has reported a noticeable increase in settlement applications, reaching 703 in the fiscal year 2024-25. This trend suggests a growing preference for settling securities norm violations without resorting to lengthy litigation.
In the previous financial year, SEBI had received 434 settlement pleas. Of the 703 applications, 284 were resolved through settlement orders, while 272 were either returned, rejected, or withdrawn, as detailed in SEBI's 2024-25 annual report.
The settlement process allows entities to bypass extended legal proceedings by accepting a settlement fee and meeting certain conditions. SEBI collected Rs 798.87 crore in settlement charges and an additional Rs 64.84 crore as disgorgement charges. These settlements addressed alleged violations, such as insider trading and fraudulent trading practices.
(With inputs from agencies.)
- READ MORE ON:
- SEBI
- settlement
- violations
- securities
- litigation
- appeals
- trading
- charges
- regulations
- disputes
ALSO READ
Appeals Court Upholds Ban on Sweeping Immigration Tactics in Southern California
Netanyahu Appeals to Red Cross for Gaza Hostages
Maharashtra Appeals to Centre Over Almatti Dam Height Concerns
India has not been a good trading partner, because they do a lot of business with us, but we don't do business with them: Trump.
ENVR Revolutionizes Carbon Credit Trading with Blockchain Technology
Google News