Limitation period for filing of Arbitration reference

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....ory Committee (SMAC), reviewed the existing provisions in the Exchange Byelaws, which specify a limitation period of six months for reference of a complaint/claim/difference/dispute for arbitration. 2. While computing the said limitation period, the time taken in amicable settlement of claims, complaints, differences, disputes through the Investors Grievances Redressal Committee mechanism of the ....

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....be excluded. 4. Apart from the above, in certain instances it was observed by SEBI that the arbitration applications are being rejected on the grounds of having exceeded the limitation period, without going into the circumstances leading to the arbitration not being filed within the time period. In case the arbitration application is not filed within the limitation period for reasons beyond the c....

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.... 5. In view of the above, all the Stock Exchanges are advised to :- a) make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately. b) bring the provisions of this circular to the notice of the member brokers of the Exchange and also to disseminate the same through their website. c) communicate to SEBI, the status of impl....