Advertisement
Thursday, May 19, 2022
Outlook.com
Outlook.com

SEBI's SCORES Platform Receives 3,383 complaints In December

At the beginning of the period under review, 3,526 complaints were pending and 3,383 complaints were received during the month.

SEBI's SCORES Platform Receives 3,383 complaints In December
SEBI's SCORES Platform Receives 3,383 complaints In December
outlookindia.com
2022-01-12T16:57:48+05:30

A total of 3,766 complaints received through grievance redressal system SCORES have been disposed of against listed entities or market intermediaries in December, according to the data released by SEBI on Wednesday. 

The resolved complaints include the ones brought forward from previous periods. 

SCORES is a grievance redressal system which was launched in June 2011.

It is a platform designed to help investors lodge their complaints online with SEBI, pertaining to the securities market, against companies, intermediaries, and market infrastructure institutions.

At the beginning of the period under review, 3,526 complaints were pending and 3,383 complaints were received during the month, the data showed.

The regulator also noted that there were 36 complaints as of December 2021 which were pending for more than three months. These complaints were pertaining to refund, allotment, redemption and interest, among others.

It also said that average resolution time for a complaint is 35 days. In a separate public notice, SEBI mentioned the 10 entities against whom these complaints have been pending for more than three months on SCORES as of December 2021.

Most complaints were pending against stock broker Sunness Capital India. CIG Realty Fund, Karvy Investment Advisory Services, Regency Investments and Analysewise Investment Advisors are among other entities against whom complaints have been pending for over three months.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement