Correction of award allows ombudsman to fix clerical or computation errors on request or on his own initiative. Correction of award under Regulation 18 permits a party, with notice to the other party, to request correction of computation errors, clerical or ... Summary
Referred In :
Securities and Exchange Board of India (Ombudsman) Regulations, 2003
Correction of award allows ombudsman to fix clerical or computation errors on request or on his own initiative.
Correction of award under Regulation 18 permits a party, with notice to the other party, to request correction of computation errors, clerical or typographical mistakes, or similar ministerial errors within a prescribed short period after receipt of the award; if justified the Ombudsman must make the correction and include it in the award. The Ombudsman may also on his own initiative rectify such errors within the same post award period, and any correction forms part of the award.
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