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Section 28

SEBI (Settlement Proceedings) Regulations, 2018Central Regulations · 1992

(1) If the applicant fails to comply with the settlement order or at any time after the settlement order is passed, it comes to the notice of the Board that the applicant has not made full and true disclosure or has violated the undertakings or waivers, settlement order shall stand revoked and withdrawn and the Board shall restore or initiate the proceedings, with respect to which the settlement order was passed.

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(2) Whenever any settlement order is revoked, no amount paid under these regulations shall be refunded.

CHAPTER XI MISCELLANEOUS Confidentiality of information.

Where this provision sits

ActSEBI (Settlement Proceedings) Regulations, 2018
Section28
JurisdictionCentral
StatusIn force as published by the source

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