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<h1>SEBI Updates Investor Grievance Redressal Rules; Arbitration in Metros for Awards Over Rs. 50 Lakh, New IPF Limits Set.</h1> The Securities and Exchange Board of India (SEBI) has amended its circular from February 23, 2017, concerning the Investor Grievance Redressal Mechanism. Key changes include the option for arbitration proceedings to occur in metro cities if the award exceeds Rs. 50 lakh, with additional costs borne by the requesting party. The grievance redressal process has been expedited, and guidelines for handling claims from defaulters' clients have been updated. Interim relief limits from the Investor Protection Fund (IPF) have been specified, capping at Rs. 10 lakh per financial year. Stock exchanges are instructed to amend their regulations accordingly and inform their members and investors of these changes.