 "Draft norms out for consent settlements")
Similar to an out-of-court settlement, under the consent process, Sebi settles charges against violators, without admission or denial of guilt, for a penalty. The proposed regulations are in line with a circular issued by Sebi in May 2012 detailing the consent framework.
Sebi has kept serious offences like insider trading out of the ambit of consent settlements. It has also said that an entity will have apply for a settlement within 60 days from its getting a showcause notice.
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