Surbhi Ajitsaria

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Associate in the Financial Regulatory Practice at the Mumbai office of Cyril Amarchand Mangaldas. Surbhi can be reached at surbhi.ajitsaria@cyrilshroff.com

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On August 10, 2018, the Securities and Exchange Board of India (SEBI) published a report (Report) of the High Level Committee under the Chairmanship of Justice A. R. Dave (Retd.) (Committee). The Report has made recommendations to revamp the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 (Regulations). As and when amended, this will mark the fourth avatar of the consent process, first introduced by SEBI through a circular way back in 2007 (remodelled…