TaxTMI 
TaxTMI 
Amendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism
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....vatives Segment Dear Sir/ Madam, Sub.: Amendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism 1. Attention is drawn to SEBI circulars bearing reference nos. CIR/CDMRD/DEICE/CIR/P/2017/77 dated July 11, 2017 and CIR/CDMRD/DCE/CIR/P/2018/48 dated March 14, 2018 on Investor Grievance Redressal System and Arbitration Mechanism. 2. In order t....
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....ative for the exchanges to ensure that in the same matter, the members of arbitration panel are not considered for constituting the appellate arbitration panel if the matter goes to appeal." 2.2. Clause 2.A (viii) and Clause 2.A (xi) (iii) of the aforesaid Circular shall be substituted with the following: a. 2.A (viii). Place of arbitration / appellate arbitration "In case, th....
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....ue or Rs. 2.00 lakhs (Rs. Two lakhs), whichever is less, shall be released to the client from IPF of the Stock Exchange. b) In case the arbitration award is in favour of the client and the member opts for appellate arbitration, then a positive difference of, 50% of the amount mentioned in the arbitration award or Rs. 3.00 lakhs (Rs. Three lakhs), whichever is less, and the amount already ....
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....a financial year." Circular No. CIR/CDMRD/DCE/CIR/P/2018/48 dated March 14, 2018 2.3. The following shall be inserted at the end of Clause 2 (ii) of the aforesaid Circular: 2 (ii). Speeding up grievance redressal mechanism "The additional fees charged from the trading members, if the claim is filed beyond the prescribed timeline, if any, to be deposited in the IPF of the re....