Printing of Grievances Redressal Mechanism on Delivery Instruction Form Book
Summary
SEBI mandates the revision of grievance redressal mechanism information printed on the inside back cover of Delivery Instruction Form Books. Depositories are instructed to amend their bye-laws and notify Depository Participants about these updated contents. The circular is issued under Section 11(1) of the SEBI Act, 1992, and Section 19 of the Depositories Act, 1996.
Text
Please refer to SEBI circular no. SEBI/MRD/DOP/Cir-22/2004 dated July 14, 2004 which specified the information regarding grievance redressal mechanism to be printed on the inside back cover of the Delivery Instruction Form Book issued by all Depository Participants.
The contents to be printed in the Delivery Instruction Form Book have been revised in line with recent initiatives taken by SEBI and are enclosed at Annexure A.
The Depositories are advised to: a) make amendments to the relevant bye-laws, rules and regulations for the implementation of the above, as may be applicable/necessary ; b) bring the provisions of this circular to the notice of their DPs and also to disseminate the same on their website.
This circular is being issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 and section 19 of the Depositories Act, 1996 to protect the interest of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Printing of Grievances Redressal Mechanism on Delivery Instruction Form Book. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.