TaxTMI 
TaxTMI 
Corrigendum cum Amendment to Circular dated July 31, 2023 on Online Resolution of Disputes in the Indian Securities Market
X X X X Extracts X X X X
X X X X Extracts X X X X
....ued circular no. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131 dated July 31, 2023 providing the guidelines for online resolution of disputes in the Indian securities market. 2. Pursuant to feedback received, need for additional clarity or correction of language used, the circular stands modified as under: I. Clause 8 of the circular stands substituted as under: All listed companies / specified intermediaries / regulated entities in the securities market (collectively referred to as "Market Participant/s") shall enrol on the ODR Portal within the timelines as specified at paragraphs 46 and 47 of this circular and shall be deemed to have been enrolled on the ODR Portal at the end such specified timeline. The enrolment process shall also include....
X X X X Extracts X X X X
X X X X Extracts X X X X
....enced against the Market Participant). IV. Clause 17 of the circular stands substituted as under: The ODR Institution that receives the reference of the complaint/dispute shall appoint a sole independent and neutral conciliator from its panel of conciliators. Such conciliator shall have relevant qualifications or expertise (please refer to Schedule D) and should not be connected with or linked to any disputing party. MIIs shall ensure that appropriate measures are put in place regarding appointment of conciliators by the ODR Institutions. V. In the first sentence of Clause 20.c. of the circular, "75%" shall stand substituted with "100%". VI. In Clause 21 of the circular, at the end of the first and the third sentences, the following is....
X X X X Extracts X X X X
X X X X Extracts X X X X
....e where the specified intermediaries / regulated entities in securities market as specified in Schedule B has its registered in India or has its principal place of business in India or (iii) such court of competent jurisdiction in India as the institutional or corporate clients and specified intermediaries / regulated entities in securities market as specified in Schedule B may agree upon. X. Clause 49 shall also include the following circulars: n-i. Circular No.: CIR/MIRSD/11/2013 dated October 28, 2013 XI. Clause 50. e. of the circular is modified as under: All matters that are appealable before the Securities Appellate Tribunal in terms of Section 15T of SEBI Act, 1992 (other than matters escalated through SCOREs portal in accord....