The Securities and Exchange Board of India (SEBI), has constituted a four-member “high powered advisory committee on settlement orders and compounding of offences”. The Chairman of the committee will be Vijay C Daga, retired judge of the High Court of Bombay. The terms of reference of the Committee will be as per “Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018”.
The other members of the panel include:
- Former law secretary in Ministry of Law & Justice: PK Malhotra
- Ex-Chairman of Deloitte Haskins & Sells LLP: PR Ramesh
- Advocate, Partner, Raval & Raval Associates: DN Raval