On Mar. 6, IND SEBI introduced settlement scheme for illiquid options.
IND SEBI introduced ISO settlement scheme, under section 15JB of the SEBI act, 1992, along with regulation 26 of SEBI (settlement proceedings) regulations 2018.
The Scheme
Targets entities involved in trading activities of illiquid stock options on IND BSE between Apr. 1, 2014, and Sep. 30, 2015, specifically those who executed reversal trades and are facing pending proceedings before various authorities.
Offers a settlement opportunity to these entities to resolve ongoing proceedings and avoid further delays and legal expenses associated with the litigation process.
Effectiveness
The scheme will be valid from Mar. 11, 2024 to May 10, 2024.
Mar. 7, 2024 FAQ
On Mar. 7, 2024, IND BSE published notice and FAQs for the ISO settlement scheme.
Entities eligible must submit a settlement application along with a registration fee, and the entire process is conducted online without the requirement for physical documents.
The FAQs outline specific eligibility criteria, application process, applicable fees, legal costs, emphasizes importance of early application submission to avoid rush.
