One month on, Sebi's one-time settlement scheme remains doubtful starter

High settlement amount and prosecution from other probe agencies draws little interest

The Securities and Exchange Board of India’s (Sebi’s) one-time settlement scheme for entities allegedly involved in illiquid stock options manipulation has garnered little interest, so far.

The one-time settlement period under the scheme remains open from August 1 to October 31. The regulator is expected to collect Rs 4,000 crore if a majority of the 14,000 alleged wrongdoers avail of this window.
 

Sources said most entities could give it a miss, given the high settlement cost and fears of prosecution from other enforcement agencies. Under Sebi’s normal legal proceedings, the penalty works out to Rs 5-10 lakh. Under this scheme, the