SEBI ne official rules launch kar diye hain jisse disputes jaldi solve honge. Ab settlement ke liye naya formula aur fast-track route hoga, jisse listed companies ka regulatory load kam hoga.
Naya Formula-Based System
SEBI ne purane 2018 ke rules ko replace kar diya hai. Ab se 'Settlement of Administrative and Civil Proceedings Regulations, 2026' ka naya zamana hai. Sabse bada badlav ye hai ki settlement amount ke liye ab ek fixed formula hoga. Pehle ye process kaafi discretionary tha, lekin ab penalties minimum legal mandate ke hisaab se aur violation ki severity par set hongi.
Regulator ne 'disgorgement' yani illegal profit return karne ke process ko basic penalty se alag kar diya hai. Isse double counting ka chakkar khatam hoga aur companies ko pehle se pata hoga ki settle karne mein kitna kharcha aayega.
Dual-Track Fast-Track Mechanism
Kaam jaldi nipatane ke liye SEBI ne do naye raste banaye hain:
- Small Case Route: Agar case ₹10 Lakh ke settlement amount ke under hai, toh wo seedha 'High Powered Advisory Committee' (HPAC) ko bypass karke fast-track par jayega.
- Disclosure Lapses: Agar disclosure mein koi galti hui hai, toh show-cause notice aane se pehle hi settlement notice milega. Sirf 60 days ka window hoga settle karne ke liye.
Investors ke liye kya matlab hai?
Listed companies ke investors ke liye ye badi news hai. Jab koi company legal disputes mein phasti hai, toh uska asar share price par padta hai. Ye naye rules companies ko jaldi compliance issues solve karne mein madad karenge, jisse 'legal overhang' kam hoga. Yaad rahe, settle karne ka matlab ye nahi ki galti maan li, par ye process lambi ladaai se bachne ka ek smart raasta zaroor hai.