Securities and Exchange Board of India (SEBI) to Launch Online Dispute Resolution

From Mohit Mokal’s blog:

“SEBI, the Securities and Exchange Board of India, has recently announced its plan to implement an online dispute resolution (ODR) mechanism for its stakeholders. The move aims to provide a more accessible and efficient dispute resolution process for investors and other market participants. This announcement came after the SEBI Board Meeting held on 29th March 2023, and the ODR mechanism will be implemented through a dedicated online platform, designed to offer easy access to investors, intermediaries, and listed companies for dispute resolution.

SEBI has been working tirelessly to improve the dispute resolution process, particularly by making it more efficient and swift. Currently, dispute resolution cases can take a long time to be resolved, causing frustration to investors and stakeholders. Hence, SEBI’s decision to enable online dispute resolution will allow investors and other stakeholders to submit their complaints online and have them resolved in a timely manner. SEBI is also committed to ensuring the security and reliability of the ODR process…”