Dear Vijay
Regarding time limitation for filing arbitration
(1) I read both circular ( CIR/MRD/DSA/24/2010 of 11/08/2010 & CIR/MRD/DSA /29/2010 of 31/08/2010 ) but I didnt get such direct wording that mention extension of time limit from six months to 3 year. just mentioned governed by the limitation act 1963.I also read limitation act 1963 but didnt get exact period. why didnt SEBI directly mention about limitaion period in its any of circulars?Please elaborate
(2) To lodge complain , are there any special lawyer for arbitation or civil court lawyer can do? becoz civil lawyers to whom i met were not having enough knowledge about stock market business/process & SEBI rules.
Thanks for your time & consideration
Dear Sonali,
Firstly, I feel there would not be any issue on the time barring front, having said this, you need to act fast.
Secondly, for the legal people, I would suggest you visit NSE personally and check with them list of people who can fight your case. Alternatively, ask for the list of arbitration cases which got recently concluded. Check, who had fought the cases on client behalf, and shortlist the ones where the cases were won in favour of client. Within that if you come across cases against Reliance Money, you should heir that lawyer, as s/he must be well versed with Relaince Money's (mal) practices.
I hope this helps, all the best.
Regards,
VDT