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SEBI gives power to executive directors, whole-time members on reduction, waiver of interest for unpaid penalty

India’s stock market regulator Securities and Exchange Board of India (Sebi) on Friday delegated power to its panel of Executive Directors and Whole-time Members to waive or reduce interest on recovery proceedings initiated for failure to pay penalty. In a circular issued today (January 10), Sebi allowed its panel of executive directors to waive or […]