Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Amends Investor Grievance Redressal: Disputes Must Go Through IGRC or Arbitration Before Legal Action.</h1> The circular issued by the Securities and Exchange Board of India (SEBI) amends the investor grievance redressal mechanism to enhance its effectiveness. It modifies a previous circular to specify that disputes between stock exchange members and clients must first be referred to the Investor Grievance Redressal Committee (IGRC) or the stock exchange's arbitration mechanism before pursuing other legal remedies. If dissatisfied with the IGRC's recommendation, parties have three months to seek arbitration. The amendment requires stock exchanges and depositories to update their regulations accordingly and inform their constituents. The circular takes effect on July 1, 2022.