SEBI Settlement Scheme 2020 extended till 31.12.2020

SEBI Settlement Scheme 2020 extended till 31.12.2020

SEBI on 31st day of October, 2020 has issued Public notice in respect of Extension of the SEBI Settlement Scheme 2020.

·         Extension Came: In this Notice, Upon  consideration  of  the  same,  the  competent  authority  has  approved  the  extension  of the period of the Scheme till December 31, 2020, In view of the large scale disruption caused by the Covid-19 pandemic, many representations were received by SEBI, seeking extension of the period of the Scheme

·         Previous Period: commenced on August 01, 2020 and was to end on October 31, 2020.

·        About the SEBI Settlement Scheme 2020: Background:

Vide  public  notice  dated  July  27,  2020,  SEBI  has  introduced  the  Settlement  Scheme  (“the Scheme”) which proposes to provide a onetime settlement opportunity to those entities that have executed  trade  reversals  in  the  stock  options  segment  of  BSE  during  the  period  from  April  01, 2014 to September 30, 2015 and against whom enforcement proceedings have been approved by SEBI

Source: https://www.sebi.gov.in/media/public-notices/oct-2020/public-notice-in-respect-of-extension-of-the-sebi-settlement-scheme-2020_48049.html

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