Schedule III - Format - Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018

Schedule III Part-A (See regulation 16) Format To Date . Address Sub: Notice of summary settlement in the matter of ..................................... During the course of investigation/ inspection/ inquiry/ audit in the matter of . the Securities and Exchange Board of India (SEBI) has prima facie observed that you have violated the following provisions of the securities laws: (i) .. (ii) .. (iii) .. (iv) .. Extracts of the findings are enclosed. 2. In view of the aforesaid, probable proceedings against you under .(relevant provisions under which the proceedings may be initiated or continued) may be initiated or continued . 3. Notwithstanding anything contained in this notice, the Board reserves the right to modify the proceedings and charges to be brought against you and this notice shall not confer any right to seek settlement or avoid any action initiated by the Board. 4. Subject to Regulation 5 of the SEBI (Settlement Proceedings) Regulations, 2018 the aforesaid proceedings to be initiated may be settled and disposed of upon filing of a settlement application under Chapter-II of the SEBI (Settlement Proceedings) Regulations, 2018 upon remittance of a settlement amount of Rs. ..to SEBI in terms of .. (provision) of SEBI (Settlement Proceedings) Regulations, 2018 within 30 calendar days from the date of receipt of this notice and upon complying with the following non-monetary terms (if applicable): (i) . (ii) ...................... (please specify any other terms) 5. In case the settlement application is not filed or the settlement amount is not remitted and/or undertaking in respect of other non-monetary terms is not furnished or other non-monetary terms are not complied with to the satisfaction of the Board or the settlement application is withdrawn, the specified proceedings may be initiated or continued, as the case may be and you shall be permitted to file a settlement application only at the next stage in respect of proceedings pending before a Court or a tribunal, after conclusion of proceedings before the Adjudicating Officer or the Board, as the case may be. Name, designation and signature Encl: As above 1 [ **** ] ************ NOTES:- 1. Omitted vide Notification No. SEBI/LAD-NRO/GN/2020/24 dated 22-07-2020 before it was read as , Part-B (See regulation 18 ) Format To Date . Address Sub: Notice of settlement in the matter of ..................................... During the course of investigation/ inspection/ inquiry/ audit in the matter of . the Securities and Exchange Board of India (SEBI) has prima facie observed that you have violated the following provisions of the securities laws: (i) .. (ii) .. (iii) .. (iv) .. Extracts of the findings are enclosed. 2. In view of the aforesaid, probable proceedings against you under .(relevant provisions under which the proceedings may be initiated or continued) may be initiated or continued. 3. Notwithstanding anything contained in this notice, the Board reserves the right to modify the proceedings and charges to be brought against you and this notice shall not confer any right to seek settlement or avoid any action initiated by the Board. 4. Subject to regulation 5 of the SEBI (Settlement Proceedings) Regulations, 2018 , the aforesaid proceedings to be initiated may, be settled and disposed of upon filing of a settlement application under Chapter-II of the SEBI (Settlement Proceedings) Regulations, 2018 within 15 calendar days from the date of receipt of this notice. 5. If the settlement application is not filed, the Board may initiate any proceedings against you in accordance with law and you shall be permitted to file a settlement application only at the next stage in respect of proceedings pending before a Court or a tribunal, after conclusion of proceedings before the Adjudicating Officer or the Board, as the case may be. Name, designation and signature Encl: As above