{
  "id": 9577184,
  "title": "SEBI announces fourth settlement scheme for illiquid stock options",
  "url": "https://urgent.news/2026/09/24/sebi-announces-fourth-settlement-scheme-for-illiquid-stock-options",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T15:33:41.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/sebi-announces-fourth-settlement-scheme-for-illiquid-stock-options/article71505040.ece"
  },
  "original_language": "en",
  "account": "The Securities and Exchange Board of India (SEBI) has unveiled a fourth settlement scheme aimed at resolving non-genuine trading disputes in illiquid stock options on the Bombay Stock Exchange (BSE) from April 1, 2014, to September 30, 2015. This scheme pertains to situations where legal proceedings are still pending before an adjudicating officer, the Securities Appellate Tribunal, courts, or a recovery officer. Should an entity have between one and five contracts, the settlement amount will be ₹1.44 lakh. For six to 50 contracts, the amount rises to ₹2.88 lakh. In cases involving 51 or more contracts, the settlement amount is ₹7.20 lakh, with an additional ₹14,400 for each extra contract. For instance, the settlement for 51 contracts amounts to ₹14.544 lakh. SEBI revealed that three previous settlement schemes for similar matters were launched in 2020, 2022, and 2024, resulting in numerous entities settling their cases. The latest scheme was approved by the competent authority following advice from the High Power Advisory Committee and submitted to the SEBI Board for information. The procedures for submitting applications will be detailed separately. Commenters are required to post in English, using complete sentences and avoiding abusive or personal remarks, adhering to the community guidelines. The commenting system has been updated to a new platform. Registered users of TheHindu Businessline can continue engaging with articles. New users are encouraged to register and log in to post comments. Existing comments can be accessed by logging into users' accounts on Vuukle. The terms and conditions, along with institutional subscriber details, are available online.",
  "summary": "Scheme covers non-genuine BSE trades executed between April 2014 and September 2015",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}