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of <h1>SEBI Updates Rules on Stock Exchange Arbitration Records: New Register Requirements for Destroyed Documents.</h1> The Securities and Exchange Board of India (SEBI) issued a corrigendum to its earlier circular dated April 10, 2003, concerning the maintenance and disposal of arbitration records by stock exchanges. The modification involves updating the requirement for maintaining a register of destroyed records, specifying that brief particulars and certification regarding the date and mode of destruction must be entered. Other provisions of the original circular remain unchanged. Stock exchanges are instructed to amend their bye-laws, rules, and regulations accordingly, inform member brokers and clearing members, and update their websites. Exchanges must report compliance in the August 2003 Monthly Development Report.
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