SEBI constitutes 4-member high powered advisory committee on settlement orders; Head – Vijay C Daga

SEBI constitutes 4-member high powered advisory committee on settlement orders; Head – Vijay C Daga

• The Securities and Exchange Board of India (SEBI), has constituted a four-member “high powered advisory committee on settlement orders and compounding of offences”.
• The Chairman of the committee will be Vijay C Daga, retired judge of High Court of Bombay.
• The terms of reference of the Committee will be as per “Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018”.
• The other members of the panel includes:
  1. Former law secretary in Ministry of Law & Justice- PK Malhotra
  2. Ex-Chairman of Deloitte Haskins & Sells LLP – PR Ramesh
  3. Advocate, Partner, Raval & Raval Associates – DN Raval
• “Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee”.

Points to Remember:

1. Chairman of the high powered advisory committee?
2. Total members in the high powered advisory committee on settlement orders and compounding of offences?

Source: Business Standard