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The market regulator, SEBI has decided to amend SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism whereby it has been clarified that forming of exclusive panel for appellate arbitration is not required and members can serve on both the panels. However, it is imperative 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.”The market regulator, SEBI has decided to amend SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism whereby it has been clarified that forming of exclusive panel for appellate arbitration is not required and members can serve on both the panels. However, it is imperative 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.”taxmann.com Latest Statutory HappeningsRead More