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Indian capital market regulator SEBI (Securities and Exchange Board of India) announced on Monday to move to T+1 settlement cycle for all scrips from 1st October 2023. This means effective from first October 2023, all trades will be settled one day after the date of trade instead of current T+2 settlement cycle.

Hon'ble SAT vide order dated , stressed on the need for a fresh settlement scheme that should be attractive so that it could attract the noticees / entities to come forward and settle the matter which will ameliorate the harassment of penalty proceedings to the noticees.

Order/Settlement/Recovery Payment Type of Category: Select. AO ORDER. 11B ORDER. Settlement Proceedings. UID: Settlement Registration Number: Select. Entity Name: AO Order Number: Select. Entity Name: Select. Entity PAN: Penalty Amount:

Applying under SEBI Settlement Scheme 2022 An application for settlement as per the format prescribed under Annexure-1; Copy of duly paid, notarized and stamped undertaking and waivers per the format specified under Annexure-2. It should be in non-judicial stamp paper; Self-attested copy of the PAN of the applicant.

Under the new norms, account settlement has to be done on the first Friday of either each month or quarter, as per the client's choice. This means that the unused funds lying with brokers will have to be transferred back to the customer account after considering end-of-day (EOD) obligations.

Sebi introduced the settlement scheme 2022 to provide a one-time opportunity to the entities against whom proceedings were initiated, and appeals against the proceedings are pending before any forum or authority.

Indian capital market regulator SEBI (Securities and Exchange Board of India) announced on Monday to move to T+1 settlement cycle for all scrips from 1st October 2023. This means effective from first October 2023, all trades will be settled one day after the date of trade instead of current T+2 settlement cycle.