Sebi forms advisory panel on settlement

NEW DELHI: Markets regulator Sebi has constituted a four-member high powered advisory committee on settlement orders and compounding of offences. The committee will be chaired by Vijay Daga, retired judge of Bombay high court, according to an update with Sebi on Tuesday.
The other members of the panel are former law secretary in ministry of law & justice P K Malhotra, ex-chairman of Deloitte P R Ramesh, and Raval & Raval Associates partner D N Raval.Under the settlement mechanism, an alleged wrongdoer can settle a pending case with the regulator without admission or denial of guilt by paying a settlement fee