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    <title>Arbitration mechanism of stock exchanges - Applicability of the provisions of the Limitation Act, 1963</title>
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    <description>Limitation for stock exchange arbitration is governed by the Limitation Act, 1963 modified to a three-year period and applies where three years have not elapsed and either no arbitration was filed or earlier-filed arbitration was rejected solely for delay under the prior six-month bar; fees for new cases follow SEBI circulars of August 2010, and fees already paid in rejected cases will be deducted from the recomputed fees with the balance borne by parties; exchanges must publicise, amend rules/bye-laws, notify eligible applicants, report implementation to SEBI, and submit to SEBI inspection.</description>
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