SEBI Sets Up Settlement Helpdesk Facility

SEBI has set up a Settlement Helpdesk Facility to assist applicants and prospective applicants in understanding and complying with the procedural requirements for filing settlement applications and related matters.

The facility is intended to provide procedural support to persons seeking settlement of specified proceedings under the applicable SEBI settlement framework.

1. Objective of the Helpdesk Facility

The Settlement Helpdesk Facility has been introduced to guide applicants on the procedural aspects of the settlement process.

It aims to make the settlement application process more accessible and easier to understand for applicants and their authorised representatives.

2. Assistance for Filing Settlement Applications

The Helpdesk will assist applicants in understanding the steps involved in filing settlement applications.

This includes guidance on procedural requirements, the submission process, and related formalities that must be followed when seeking settlement.

3. Queries Relating to the Settlement Process

The Helpdesk will address queries relating to the settlement process and related matters.

Applicants may seek clarification on procedural steps involved in applying for settlement of specified proceedings.

4. Computation of Indicative Amount

The facility will also assist applicants with the computation of the Indicative Amount.

This will help applicants understand the amount payable for settlement in accordance with the applicable settlement regulations.

5. Status of Pending Settlement Applications

Applicants may also use the Helpdesk Facility to inquire about the status of their pending settlement applications.

This is expected to improve transparency and provide applicants with better visibility on the progress of their applications.

6. Facilitative Nature of the Facility

The Helpdesk is intended to provide procedural and facilitative assistance.

It will support applicants in complying with settlement-related requirements but will not replace the statutory process prescribed under SEBI’s settlement framework.

7. Objective of the Initiative

The initiative seeks to:

• Assist applicants in understanding settlement procedures;
• Facilitate filing of settlement applications;
• Provide guidance on the computation of the Indicative Amount;
• Enable applicants to track pending settlement applications;
• Improve procedural clarity; and
• Support smoother implementation of the settlement framework.

8. Key Takeaway

SEBI has set up a Settlement Helpdesk Facility to assist applicants and prospective applicants in understanding the procedural requirements for filing settlement applications. The facility will help applicants with the settlement process, application filing, computation of the Indicative Amount, and the status of pending settlement applications.