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
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News Source: The Economic times
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