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Securities and exchange board of India directed the stock exchanges to develop a standard operating procedure for the dispute resolutions mechanism relating to the investors’ services and their rights.
The stock markets have been given the task of designing a standard operating procedure to resolve the disputes like transfer/transmission of shares, Demat/remat, issue of duplicate shares, transposition of holders, etc. and investor entitlements like corporate benefits, dividend, bonus shares, rights entitlements, credit of securities in the public issue, interest /coupon payments on securities, etc the circular stated.
SEBI: Directs Stock exchanges to develop SOPs for dispute resolutions by June 1
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