Capital markets regulator Sebi on Monday asked market infrastructure institutions (MIIs) to set up and operate a common Online Dispute Resolution Portal (ODR Portal).
The portal will harnesses online conciliation and online arbitration for resolution of disputes arising in the Indian securities markets.
The MIIs– stock exchanges, depositories and clearing corporations– will have to make joint efforts to develop and operationalize the ODR Platform, Sebi said in a circular.
All listed companies, specified intermediaries and regulated entities– collectively called market participants — in the securities market will have to enroll on the ODR Portal.
“The MIIs shall, in consultation with their empanelled ODR Institutions, establish and operate a common ODR Portal,” Sebi said.
Disputes between investors and listed companies, specified Intermediaries and regulated entities would come under the ambit of ODR.
With regard to initiation of the dispute resolution process, Sebi said that
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