Settlement terms

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..... (2) The non-monetary terms may include appropriate directions, such as: (a) Voluntary suspension of certificate of registration or closure of business for a specified period; (b) Removal from Management; (c) Direction in the nature of disgorgement, where it is possible to identify the investors who have incurred losses on account of the action or inaction of the applicant; (d) Debarm .....

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..... ctions relating to internal audit and reporting requirements; (j) Any other directions that may be issued by the Board under the securities laws in the interest of the investors. (3) The settlement amount, excluding the legal costs and disgorgement amount, shall be credited to the Consolidated Fund of India. [(4) The application fee referred to in sub-regulation (2) of regulation 3, the a .....

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