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SEBI Complaints Redress System (Scores) Platform

GS Paper III Indian Economy

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

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