SEBI, vide circular dated January 10, 2019, has prescribed the composition norms and Terms of Reference of Grievance Redressal Committee (GRC) as “to deal with the complaints referred to it by the Clearing Corporation, to hear the parties and resolve their complaints / disputes".
The GRC shall comprise a single person for claims up to Rs 25 lakh, whereas, for claims above Rs 25 lakh, the GRC shall comprise of three persons The list of GRC members are as below.
Mumbai | |
Mr. J S Rawalgaonkar | |
Mr. Sunil Kapadia | |
Mr. Vithal Dahake | |
Chennai | |
Ms. P S Prema | |
Mr. S Ramanathan | |
Delhi | Mr. Anand Aggarwal |
Kolkata | |
Mr. Udayan Basu | |
Mr. Dilip Shah |