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TMI BlogInvestor Grievance Redressal System and Arbitration MechanismX X X X Extracts X X X X X X X X Extracts X X X X ..... vance Redressal System and Arbitration Mechanism 1. Pursuant to Section 131 of the Finance Act, 2015 and Central Government notification F.No. 1/9/SM/2015 dated August 28, 2015, all recognized associations under the Forward Contracts (Regulation) Act, 1952 are deemed to be recognized stock exchanges under the Securities Contracts (Regulation) Act, 1956 with effect from September 28, 2015. This ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l constitute IGRC in accordance with the SEBI circular no CIR/MRD/DSA/03/2012 dated January 20, 2012 and shall perform all such functions and responsibilities as stated in the SEBI circular no CIR/MRD/ICC/30/2013 dated September 26, 2013. B. Arbitration Committee / Panel and Appellate Arbitration: i. The national commodity derivatives exchanges shall maintain panel of arbitrators, code of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... odity derivatives exchanges shall pool all arbitrators of their exchange in the common pool across all national commodity derivatives exchanges, facilitate automatic selection of arbitrators from the common pool and shall also follow all other provisions mentioned in the SEBI Circular CIR/MRD/ICC/8/2013 dated March 18, 2013 3. All the provisions of this circular shall be implemented by national ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cess. communicate SEBI, the status of implementation of the provisions of this circular 7. The circular is issued in exercise of the powers conferred under section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. 8. The circular is available on SEBI ..... X X X X Extracts X X X X X X X X Extracts X X X X
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