India - Online Resolution of Disputes In The Indian Securities Market.

August 9, 2023 by Rohin Pujari

SEBI had issued a Circular on 31 July 2023 vide Circular No. SEBI/HO/OIAE/OIAE_IAD-1/P/CIR/2023/131, to all the recognized stock exchanges, all clearing corporation, all depositories, all stock brokers, all depository participants, all listed companies and all SEBI registered intermediaries / all SEBI Regulated Entities on the subject of Online Resolution of Disputes in the Indian Securities Market.

The said circular has been issued in lieu of Securities and Exchange Board of India (Ombudsman) Regulations, 2003 which had been repealed on 03 July 2023 through Securities and Exchange Board of India (Ombudsman) (Repeal) Regulations, 2023. The existing dispute resolution mechanism has been entrusted on the Stock Exchanges and Depositories (collectively referred to as Market Infrastructure Institutions (MIIs)) and for achieving the goal a common Online Dispute Resolution Portal (“ODR Portal”) has been established.

WRITTEN BY

For further information, please contact:

Vineet Aneja – Clasis Law,
vineet.aneja@clasislaw.com

Vineet heads Clasis Law and shares his time between the Delhi and Mumbai offices. He has extensive experience working with both Indian and foreign companies, as well as with government authorities.

Vineet’s corporate practice includes advising on mergers and acquisitions, joint ventures, private equity and investment funds on a full range of corporate clients on general corporate matters and in the areas of capital markets, project finance, regulatory and real estate.

Vineet’s skill set includes a deep transactional understanding as well as significant industry expertise across industries as diverse as manufacturing, media, medical devices, fashion, insurance, technology, telecommunications, infrastructure, hospitality, retail and financial services. Client feedback has highlighted the value his experience adds to both the legal and commercial sides of transactions.