SEBI launches e-payment mode for penalties
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Markets regulator Sebi has introduced electronic mode for payment of penalties, disgorgement as well as settlement amounts.
Currently, Sebi accepts payment through demand drafts.
In order to enable ease of paying penalties, disgorgement amounts, settlement amounts, legal charges and recovery amounts, Sebi is introducing an option for e-payment of such amounts," it added.
The regulator also advised all payees to forward the details and confirmation of the payments so made, to the concerned dealing department of Sebi for their records. #casansaar (Business Standard)
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