Maintenance of arbitration records

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.... powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992, read with Section 10 of the Securities Contracts (Regulation) Act, 1956, to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market. The Bye-Laws of the Stock Exchanges provide for Arbitration Mechanism for redressal of disputes between members....

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....subject to the previous order, in writing of the Executive Director of the Exchange. 5. The Exchange shall maintain a register wherein the brief particulars of the records destroyed alongwith the certification regarding the date and mode of destruction. The exchanges are directed to make necessary amendments to the bye-laws, rules and regulations in order to incorporate specific provisions regar....