SEBI Complaints Redress System (Scores) Platform

Context:  A total of 3,079 complaints against companies and market intermediaries have been disposed of through Sebi’s SCORES platform. About SCORES Platform:

• It is a web based centralized grievance redress system of SEBI that was launched in June 2011.
• SCORES enables investors to lodge and follow up their complaints and track the status of redressal of such complaints online from the above website from anywhere.
• It doesn’t deal with complaints against companies including Unlisted/delisted companies, sick companies or a company where a moratorium order is passed, or where the company is struck off by the Registrar of Companies (RoC).

Additional Information: About Securities and Exchange Board of India (SEBI): Established in April 1988 as an executive body and was given statutory powers in January 1992 through the SEBI Act, 1992. Aim: To monitors and regulates the Indian capital and securities market while ensuring to protect the interests of the investors, formulating regulations and guidelines. HQ: Mumbai

 News Source: The Economic times