NISM, in association with NSE, BSE and MSEI conducted an online conclave for Arbitrators of Western Region of Equity Stock Exchanges during December 15 – 16, 2022. Mr. Susanta Kumar Das, Programme Director, NISM welcomed the speakers, exchange officials and participants to the Conclave.

Mr. P. K. Malhotra, former Union Law Secretary and former Member, Securities Appellate Tribunal spoke about the issues and challenges in Arbitration in Securities Market. He discussed applicable provisions of law, benefits of arbitration compared to litigation, mediation, etc.

Mr. S Raman, former Whole Time Member, SEBI delivered the inaugural address. In his address, Mr. Raman highlighted the need for a good financial system and efficient regulators. He also elaborated on the pioneering role played by exchanges in the growth of securities markets in India.

Mr. Ansuman Dev Pradhan, Deputy General Manager, SEBI; Mr. Ashish Rathi, Whole Time Director, HDFC Securities; Mr. S. Badri Narayan, Practicing Chartered Accountant; Ms. Nayana Ovalekar, Chief Regulatory Officer, CDSL and Mr. Hiteshkumar Desai, General Manager – Broker Supervision, BSE spoke in detail on various aspects of the securities market ecosystem.  

During the 2-day conclave, Justice (Retd.) I. S. Shrivastava and Shri. Lal Singh Bhatti shared their valuable experiences with fellow arbitrators.

The programme concluded with a vote of thanks by Susanta Kumar Das.