In exercise of the powers conferred by Section 15JB of the Securities and Exchange Board of India Act,

EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 557] NEW DELH I, WEDNES DAY, AUGUST 9 , 2023/ SHRAVANA 18, 1945 CG-MH-E-09082023-247988 SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 9 th August, 2023 SECURITIES AND EXCHANGE BOARD OF INDIA (SETTLEMENT PROCEEDINGS) (SECOND AMENDMENT) REGULATIONS, 2023 No. SEBI/LAD -NRO/GN/2023/14 2.—In exercise of the powers conferred by Section 15JB of the Securities and Exchange Board of India Act, 1992, Section 23JA of the Securities Contracts (Regulation)Act, 1956 and Section 19 -IA of the Depositories Act, 199 6 read with Section 30 of the Securities and Exchange Board of India Act, 1992, Section 31 of the Securities Contracts (Regulation) Act, 1956 and Section 25 of the Depositories Act, 1996, the Securities and Exchange Board of India her eby makes the following regulations to further amend the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018, namely: — 1. These regulations may be called the Securities and Exchange Board of India (Settlement Proceedings) (Second Amendment) Regulations, 2023. 2. They shall be deemed to have come into force from January 17, 2023. 3. In the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018, in regulation 23, after sub -regulation 2, following sub -regulation shall be inserted - “(2A) In case of specified proceedings which may be initiated or are proposed to be initiated, the Panel of Whole Time Membe rs shall dispose of such proceedings on the basis of the approved settlement terms.” BABITHA RAYUDU , EXECUTIVE DIRECTOR [ADVT. -III/4/Exty./ 339/2023 -24] Footnote: 1. The Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018 were published in the Gazette of India on November 30, 2018 vide No. SEBI/LAD -NRO/GN/ 2018/48, with effect from 1st day of January 2019. 2. The Securities and Exchange Board of India (Settlement Proceedings) Regulat ions, 2018 were subsequently amended on: - i. 22nd July 2020 by the Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2020 vide No. SEBI/LAD -NRO/GN/2020/24. ii. 14th January, 2022 by the Securities and Exchange Boa rd of India (Settlement Proceedings) (Amendment) Regulations, 2022 vide No. SEBI/LAD -NRO/GN/2022/62. iii. 17th January, 2023 by the Securities and Exchange Board of India (Settlement Proceedings) (Amendment) Regulations, 2023 vide No. SEBI/LAD -NRO/GN/2023/118. Uploaded by Dte . of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Controller of Publications, Delhi -110054 .