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Sebi chief defends new consent settlement norms

Sebi chairman U K Sinha today strongly defended the new consent settlement mechanism norms, which were issued early this month with retrospective effect, saying he is sure the new rules are in accordance with the law and that they will stand legal scrutiny. "Our policies are valid and legal, and they will stand the legal scrutiny...Let's also not forget that the point of settlement or consent proceeding has been on our table sin...
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