Market regulator, Securities and Exchange Board of India SEBI today extended the time to three years for filing complaints against entities. A move which experts said will enable investors to study in greater details the issues involved in the cases to be contested.

In an order, the Securities and Exchange Board of India added that the new order will also be applicable to cases where the arbitration application was filed but was rejected solely because of delay in filing within the earlier period of six months, provided three years have not yet elapsed from the case.

Experts said the extension of the time limit will benefit investors. SEBI has asked stock exchanges to take measures for enforcing the new order.