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SEBI - Redress of investor grievances through SCORES

Written By Admin on Monday, 22 April 2013 | Monday, April 22, 2013





SEBI vide its circular dated April 17, 2013 has mandated all the Listed Companies to get their SCORES Registration done within a period of 30 days from the date of this Circular (in the prescribed format) i.e. upto May 17, 2013. As per the said Circular, failure to obtain SCORES Registration would not only be deemed as a non redressal of investor grievances but also be considered as a willful avoidance of the same.
 
SEBI had introduced this electronic portal with the intent to ensure speedy redressal of Investors Complaints thereby casting a responsibility on the Listed Companies to file Action Taken Reports (ATRs) under SCORES.

It has also been mandated that all the Listed Entities are required to upload Action Taken Reports(ATRs) on the electronic portal of SEBI i.e. SCORES within 30 days from the date of receipt of any Investor Grievance. Any default in complying with the same may attract the penal provisions of Section 15A(a) of the SEBI Act, 1992.



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