Regulation 16 - Settlement of the proceedings pending before the Tribunal or any court - Securities and Exchange Board of India (Settlement of Administrative and Civil Proceedings) Regulations, 2014

Settlement of the proceedings pending before the Tribunal or any court. 16. (1) Save as otherwise provided in these regulations, the provisions with regard to settlement of specified proceedings shall mutatis mutandis apply to an application for settlement of any proceeding pending before the Tribunal or any court. (2) The proposal of settlement along with the settlement terms or rejection thereof shall be placed before such Tribunal or court for appropriate orders.