Akaash, aged 34, a Company Secretary in practice for last six years, wishes to empanel as a conciliator or arbitrator by the Online Dispute Resolution Institutions. Advise Akaash, mentioning the 'suggested norms for empa

Suggested norms for empanelment of Conciliators and Arbitrators as per Master Circular for Online Resolution of Disputes in the Indian Securities Market updated as on 20th December, 2023 The following factors are suggested for empaneling a person as a conciliator or arbitrator by the ODR Institutions: Age: between 35 years to 75 years. Qualification: in the area of law, finance including securities market, accounts, economics, technology, management, or administration. Experience: Minimum 7 years of experience as provided below. Professional experience as outlined below could be considered: Financial services including securities market i.e. Banks, NBFCs, MIIs, other intermediaries of securities market; Legal services – Certified professionals handling conciliation, and/or arbitration independently; and/or Ex-officials from the Indian financial sector regulators viz., the Insurance Regulatory and Development Authority, the Pension Funds Regulatory and Development Authority, the Reserve Bank of India and the Securities and Exchange Board of India. Therefore, Akaash may not become eligible for empanelment as a conciliator or arbitrator by the ODR Institutions, considering the above-mentioned norms.