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of <h1>Streamlined Arbitration Process for Stock Exchange Disputes: Sole Arbitrator for Claims Up to Rs. 25 Lakh, Appellate Panel Available.</h1> The circular outlines the streamlined arbitration mechanism for resolving disputes between clients and members of stock exchanges. Stock exchanges must maintain a panel of arbitrators, ensuring fair selection based on age, qualifications, and experience. Arbitrators must adhere to a code of conduct, and arbitration proceedings must comply with relevant laws. A sole arbitrator handles claims up to Rs. 25 lakh, while a panel of three arbitrators handles larger claims. Disputes can be appealed to an appellate panel within a month. Arbitration fees are specified, with exemptions for certain claims. The circular mandates implementation of awards in favor of clients and requires exchanges to disclose arbitration proceedings.
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