Investor grievance redressal mechanism mandated, requiring independent committees and expanded investor service centres for improved investor protection. SEBI mandates establishment of Investor Grievance Redressal Committees (IGRC) at investor service centres for specified exchanges, prescribing single-member panels for smaller claims and three-member panels for larger claims with at least one technical expert; members must be independent, meet specified professional qualifications, comply with disclosure and code of conduct requirements, and exchanges with nationwide terminals must expand investor service centres and report progress to SEBI monthly.
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 mandated, requiring independent committees and expanded investor service centres for improved investor protection.
SEBI mandates establishment of Investor Grievance Redressal Committees (IGRC) at investor service centres for specified exchanges, prescribing single-member panels for smaller claims and three-member panels for larger claims with at least one technical expert; members must be independent, meet specified professional qualifications, comply with disclosure and code of conduct requirements, and exchanges with nationwide terminals must expand investor service centres and report progress to SEBI monthly.
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