Outlining its focus area for the current financial year, Sebi said that it would be "streamlining the enforcement process by focusing on reducing delays, laying strict timelines for completion of actions, putting in place
efficient follow-up mechanisms, creating a central database of enforcement actions and monitoring systems".
Besides, Sebi has begun focusing on developing capabilities to effectively utilise the additional enforcement powers given to it by the government last year, through amendments to the securities laws.
"The focus in this regard would be to enforce Sebi orders imposing monetary penalties and directions for disgorgement and refund of money by using the newly vested recovery powers.”
"The effective enforcement of orders by recovering unpaid penalties along with the provision for filing criminal prosecution before special courts set up to hear only securities laws related matters, will serve as a deterrent and improve the quality of enforcement actions initiated by Sebi," the regulator said in its action plan for the current fiscal.
Under the new powers, Sebi can pass orders for attachment and freezing of assets, arrest the defaulters and initiate recovery procedures, while it can also pass disgorgement orders to ensure refund of money back to the investors.


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