Entities charged with serious offences like illegal money pooling, insider trading and fraudulent trades will not be able to settle these cases any more after Securities and Exchange Board of India, Sebi on Thursday notified a stricter set of settlement norms.Making things even worse for such offenders, the new regulations have been notified with retrospective effect from April 20, 2007 — the day when Sebi's existing consent settlement system was introduced.The new norms Sebi (Settlement of Administrative and Civil Proceedings) Regulations, 2014, provide for guiding factors for dealing with the settlement process, while serious offences such as insider trading are excluded from the scope of settlement.The list of violations that cannot be settled have been expanded widely under the new norms, which also provide for the involved entity to file settlement plea within 60 days of the show-cause notice served by Sebi. The market regulator has said that a plea to settle pending cases, upon payment of settlement charges and related costs, will not be considered if the applicant has already been party to two earlier settlements.Besides, cases already pending before a court or tribunal cannot be settled under the new norms. The new norms also provide the minimum amount to be paid by the entities which vary as per the charges against them. While such charges are likely to be highest for the promoters.