Investor grievance redressal mechanism reformed to strengthen arbitration, empanelment, fund governance and interim relief procedures. Exchanges and depositories must revamp investor grievance redressal by publicising arbitrator profiles, enabling electronic document submissions, conducting annual arbitrator reviews and training, segregating arbitration and appellate panels with prior SEBI empanelment approval, revising arbitration and filing fees to accelerate resolution, and creating shared defaulter databases. IPF and ISF governance, permissible utilisations and interest treatment are redefined with IPF Trust oversight, interim relief release rules and committee compositions specified. Exchanges must amend bye laws, notify stakeholders and implement the measures immediately.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investor grievance redressal mechanism reformed to strengthen arbitration, empanelment, fund governance and interim relief procedures.
Exchanges and depositories must revamp investor grievance redressal by publicising arbitrator profiles, enabling electronic document submissions, conducting annual arbitrator reviews and training, segregating arbitration and appellate panels with prior SEBI empanelment approval, revising arbitration and filing fees to accelerate resolution, and creating shared defaulter databases. IPF and ISF governance, permissible utilisations and interest treatment are redefined with IPF Trust oversight, interim relief release rules and committee compositions specified. Exchanges must amend bye laws, notify stakeholders and implement the measures immediately.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
