Arbitration Mechanism in Stock Exchanges

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..... 3/2012 dated January 20, 2012 and CIR/MIRSD/2/2012 dated February 15, 2012 regarding investor service centres providing inter alia arbitration facility (arbitration as well as appellate arbitration). Presently, these facilities are being provided at 8 centres viz. Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Hyderabad, Kanpur and Indore. 2. With a view to extend these facilities, it has been decid .....

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..... na and Vadodara shall be made functional by June 30, 2014. d. Accordingly, all Stock Exchanges with nation-wide terminals would have to set-up these facilities at all 16 places mentioned above by June 30, 2014. 3. The stock exchanges are advised to:- a. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately; b. brin .....

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