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INDIAN
STOCK
EXCHANGE OMBUDSMAN
ANUSHYA.D
I M.COM CA
2018-2020(SEM .-
II)
DR.N.G.P. ARTS
AND SCIENCE
COLLEGE
COIMBATORE-48
OMBUDSMAN
GENESIS
DEFINITION
ELIGIBILITY
DISQUALIFICATION
ELIGIBILITY-STIPENDIARY OMBUDSMAN
POWERS AND FUNCTIONS
OTHER POWERS AND FUNCTIONS
PROCEDURE FOR REDRESSAL OF GRIEVANCE
DISPLAY OF PARTICULARS
GENESIS
THE SCHEME OF OMBUDSMAN HAS BEEN PROVIDED
FOR UNDER THE SEBI (OMBUDSMAN) REGULATIONS,
2003 AND UNDER SUB-SECTION 1 OF SECTION 11 OF
THE SEBI ACT.
• "Ombudsman" means
any person appointed
under regulation 3 of
these regulations and
unless the context
otherwise requires,
includes Stipendiary
Ombudsman;
DEFINITION-
ACCORDING TO SEBI
• "Stipendiary Ombudsman" means a
person appointed under regulation 9 for the
purpose of acting as ombudsman in respect
of a specific matter or matters in a specific
territorial jurisdiction and for which he may
be paid such expenses, honorarium or
sitting fees as may be determined by the
Board from time to time.
DEFINITION-
ACCORDING TO SEBI
ELIGIBILITY FOR OMBUDSMAN
1.An Indian citizen
2. High moral integrity
3. Not below 45 years of age
4.Either
*retired district judge(or) qualified to judge
*10 years of experience in any regulatory body
DISQUALIFICATION FOR OMBUDSMAN
1.Undischarged insolvent
2.Convicted an offence involving moral turpitude
3.Unsound mind
4.Charge sheeted for offence including economic
offences
5.Whole time director and a period of at least 3 years
has not elapsed.
ELIGIBILITY FOR STIPENDIARY OMBUDSMAN
1. Has held a judicial post or as an executive office under the Central or
the State Government for at least 10 years;
2. Is having experience of at least 10 years in matter relating to consumer
or investor protection;
3. Legal practitioner in corporate at least 10 years of experience;
4. He served for a minimum period of 10 years in any public financial
institution;
POWERS AND FUNCTIONS OF OMBUDSMAN
GENERAL:
a. Receive complaints
b. Approve a friendly or amicable
settlement of the dispute
c. Consider complaints and facilitate
resolution
d. Adjudicate such complaints in the
event of failure of settlement
OTHER POWERS AND FUNCTIONS
SPECIFIC:
a. Draw up an annual budget
b. Submit annual report within 3
months
c. Furnish information to the Board
PROCEDURE FOR REDRESSAL OF GRIEVANCE
 GROUNDS OF COMPLAINT
 PROCEDURE OF FILLING COMPLAINT
 POWER TO CALL FOR INFORMATION
 SETTLEMENT BY MUTUAL AGREEMENT
 AWARD ON ADJUDICATION
 EVIDENCE ACT NOT TO APPLY
 FINALITY OF AWARD
 COST AND INTEREST
 NON-IMPLEMENTATION
DISPLAY OF PARTICULARS
Every listed company or intermediary shall
display the name and address of the
Ombudsman as specified by the Board to
whom the co,mplaints are to be made.
THANK YOU!
REFERENCE:
FINANCIAL SERVICES AND
MARKETS-
-Dr.S.GURUSAMY

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OMBUDSMAN

  • 1. INDIAN STOCK EXCHANGE OMBUDSMAN ANUSHYA.D I M.COM CA 2018-2020(SEM .- II) DR.N.G.P. ARTS AND SCIENCE COLLEGE COIMBATORE-48
  • 2. OMBUDSMAN GENESIS DEFINITION ELIGIBILITY DISQUALIFICATION ELIGIBILITY-STIPENDIARY OMBUDSMAN POWERS AND FUNCTIONS OTHER POWERS AND FUNCTIONS PROCEDURE FOR REDRESSAL OF GRIEVANCE DISPLAY OF PARTICULARS
  • 3. GENESIS THE SCHEME OF OMBUDSMAN HAS BEEN PROVIDED FOR UNDER THE SEBI (OMBUDSMAN) REGULATIONS, 2003 AND UNDER SUB-SECTION 1 OF SECTION 11 OF THE SEBI ACT.
  • 4. • "Ombudsman" means any person appointed under regulation 3 of these regulations and unless the context otherwise requires, includes Stipendiary Ombudsman; DEFINITION- ACCORDING TO SEBI
  • 5. • "Stipendiary Ombudsman" means a person appointed under regulation 9 for the purpose of acting as ombudsman in respect of a specific matter or matters in a specific territorial jurisdiction and for which he may be paid such expenses, honorarium or sitting fees as may be determined by the Board from time to time. DEFINITION- ACCORDING TO SEBI
  • 6. ELIGIBILITY FOR OMBUDSMAN 1.An Indian citizen 2. High moral integrity 3. Not below 45 years of age 4.Either *retired district judge(or) qualified to judge *10 years of experience in any regulatory body
  • 7. DISQUALIFICATION FOR OMBUDSMAN 1.Undischarged insolvent 2.Convicted an offence involving moral turpitude 3.Unsound mind 4.Charge sheeted for offence including economic offences 5.Whole time director and a period of at least 3 years has not elapsed.
  • 8. ELIGIBILITY FOR STIPENDIARY OMBUDSMAN 1. Has held a judicial post or as an executive office under the Central or the State Government for at least 10 years; 2. Is having experience of at least 10 years in matter relating to consumer or investor protection; 3. Legal practitioner in corporate at least 10 years of experience; 4. He served for a minimum period of 10 years in any public financial institution;
  • 9. POWERS AND FUNCTIONS OF OMBUDSMAN GENERAL: a. Receive complaints b. Approve a friendly or amicable settlement of the dispute c. Consider complaints and facilitate resolution d. Adjudicate such complaints in the event of failure of settlement
  • 10. OTHER POWERS AND FUNCTIONS SPECIFIC: a. Draw up an annual budget b. Submit annual report within 3 months c. Furnish information to the Board
  • 11. PROCEDURE FOR REDRESSAL OF GRIEVANCE  GROUNDS OF COMPLAINT  PROCEDURE OF FILLING COMPLAINT  POWER TO CALL FOR INFORMATION  SETTLEMENT BY MUTUAL AGREEMENT  AWARD ON ADJUDICATION  EVIDENCE ACT NOT TO APPLY  FINALITY OF AWARD  COST AND INTEREST  NON-IMPLEMENTATION
  • 12. DISPLAY OF PARTICULARS Every listed company or intermediary shall display the name and address of the Ombudsman as specified by the Board to whom the co,mplaints are to be made.
  • 13. THANK YOU! REFERENCE: FINANCIAL SERVICES AND MARKETS- -Dr.S.GURUSAMY