Ombudsman award procedure requires timely written awards after hearing and communicates orders for parties to perform obligations. If a complaint is not resolved by mutual agreement within the initial period or permitted extension, the Ombudsman, after considering material and giving ... Summary
Referred In :
Securities and Exchange Board of India (Ombudsman) Regulations, 2003
Ombudsman award procedure requires timely written awards after hearing and communicates orders for parties to perform obligations.
If a complaint is not resolved by mutual agreement within the initial period or permitted extension, the Ombudsman, after considering material and giving parties an opportunity to be heard, shall issue a written award or other appropriate directions; the award is to be made within three months of filing (delay alone does not invalidate it) and must be sent to the parties for performance of obligations.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.