Sebi’s SCORES platform disposes of 3,236 complaints in August

| | New Delhi
  • 0

Sebi’s SCORES platform disposes of 3,236 complaints in August

Saturday, 10 September 2022 | PTI | New Delhi

Sebi’s SCORES platform disposes of 3,236 complaints in August

A total of 3,236 complaints received through the grievance redressal system SCORES against companies or market intermediaries have been disposed of in August, according to data released by Sebi on Friday.

At the beginning of August, 3,058 complaints were pending and 3,292 fresh complaints were received, according to the data.

 These complaints were related to refunds, allotment, redemption and interest, among others.

 The regulator also noted that there were nine complaints as of August 2022 which were pending for more than three months related to investment adviser, research analyst, non-demat, remat, refunds, dividends and rights, among others.

 The average resolution time for a complaint was 25 days, it added.

In a separate public notice, Sebi mentioned seven entities against whom complaints have been pending for more than three months on SCORES as of August 31, 2022.

 Most complaints were pending against research analyst Grovalue Financial Services Pvt Ltd and Trans Financial Services Resources Ltd.

 Highlight Investment Research, Gaurav Agrawal Proprietor — Profit Vista Financial Research, Sonal International Ltd, Plastibends India Ltd and Precision Wires India Ltd are among other entities against whom complaints have been pending for over three months.

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

 Me for a complaint was 25 days, it added. In a separate public notice, Sebi mentioned seven entities against whom complaints have been pending for more than three months on SCORES as of August 31, 2022. Most complaints were pending against research analyst Grovalue Financial Services Pvt Ltd and Trans Financial Services Resources Ltd.

 Highlight Investment Research, Gaurav Agrawal Proprietor — Profit Vista Financial Research, Sonal International Ltd, Plastibends India Ltd and Precision Wires India Ltd are among other entities against whom complaints have been pending for over three months.

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

State Editions

Jamia students protest privacy breach, allege intimidation

15 February 2025 | Staff Reporter | Delhi

DMRC to ease exam travel for students

15 February 2025 | Staff Reporter | Delhi

Police introduces Cyber Safety Kiosk

15 February 2025 | Staff Reporter | Delhi

Sachdeva urges LG to act on Atishi

15 February 2025 | Staff Reporter | Delhi

Atishi defends AAP’s fiscal record

15 February 2025 | Staff Reporter | Delhi

Water supply disruption in parts of Delhi

15 February 2025 | Staff Reporter | Delhi

Sunday Edition

Trump's Second Term: A new dawn for Indo-US relations

09 February 2025 | ANOOP BOSE | Agenda

Dumplings to dragon dance

09 February 2025 | Abhi Singhal | Agenda

Royal Flavours of Mughlai Cuisine

09 February 2025 | Abhi Singhal | Agenda

Swaad-e-dilli

09 February 2025 | SAKSHI PRIYA | Agenda

Serene Retreat in the Aravallis

09 February 2025 | Pawan Soni | Agenda