Arbitration Mechanism in Stock Exchanges

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..... mlined the arbitration mechanism available at stock exchanges for arbitration of disputes (claims, complaints, differences, etc.) arising between a client and a member (Stock Broker, Trading Member and Clearing Member) across various market segments. II. Based on feedback from investors, it has been decided to replace Para 7 of the SEBI Circular Ref. No. CIR/MRD/DSA/24/2010 dated August 11, 201 .....

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..... 0,000 10,00,000 - 25,00,000 ₹ 13,000 plus 0.3% amount above ₹ 10 lakh ₹ 39,000 plus 0.9% amount above ₹ 10 lakh 25,00,000 ₹ 17,500 plus 0.2 % amount above ₹ 25 lakh subject to maximum of ₹ 30,000 ₹ 52,500 plus 0.6 % amount above ₹ 25 .....

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..... stor Protection Fund of the respective stock exchange. Note: Six months (as referred to in paras 7.1, 7.2 and 7.3 above) shall be computed from the end of the quarter during which the disputed transaction(s) were executed/ settled, whichever is relevant for the dispute, and after excluding:- a. the time taken by the Investors Grievances Redressal Committee of the Stock Exchange (the time tak .....

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..... t 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 members of the stock exchange and also to disseminate the same through their website; and c. communicate to SEBI, the status of implementation of the provisions of this circular in the Monthly Development Reports to SEBI. IV. SEBI inspec .....

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