The Securities and Exchange Board of India vide circular dated July 04, 2022 has waived the fee to make arbitration reference under Investor Grievance Redressal Mechanism. SEBI has implemented an online platform (SCORES) designed to help investors to lodge their complaints, pertaining to securities market, against listed companies and SEBI registered intermediaries.
In order to Speed up grievance redressal mechanism, it is clarified that a client, who has a claim / counter claim up to Rs.20 lakh (Rs. Twenty lakh) and files arbitration reference, will be exempted from payment of the fees prescribed under circular dated February 23, 2022.
