ISSUANCE OF SCNS IN TIME-BOUND MANNER REGARDING
SEBI has issued a circular regarding the issuance of show cause notices (SCNs) in a time-bound manner
The circular aims to ensure that SCNs are issued within a reasonable time frame
The circular also aims to ensure that the process is transparent and efficient
SEBI has set a timeline of 15 days for issuing SCNs in cases where the investigation has been completed
In cases where the investigation is ongoing, SEBI has set a timeline of 45 days for issuing SCNs
The circular also requires SEBI to maintain a database of all SCNs issued and their status
SEBI has stated that failure to comply with the circular may result in disciplinary action
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