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    <title>Limitation period for filing of Arbitration reference</title>
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    <description>The six-month limitation period for arbitration is computed from the end of the quarter of the disputed transaction, excluding time spent in Investors Grievances Redressal Committee proceedings and, with documentary proof, either one month after the trading member receives the complaint or the actual response time up to the investor&#039;s last communication, whichever is earlier. Exchanges may grant a further three-month extension where delay is shown to be beyond a party&#039;s control, subject to documentary proof and written reasons; exchanges must amend bye-laws, notify members, publish the change and report implementation to the regulator.</description>
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