Markets regulator Sebi has launched a mobile application ‘Sebi SCORES’ for convenience of investors to lodge grievances in Sebi Complaints Redress System (SCORES). “SCORES’ mobile app will make it easier for investors to lodge their grievances with Sebi, as they can now access SCORES at their convenience of a smartphone.
The mobile app will encourage investors to lodge their complaints on SCORES rather than sending letters to Sebi in physical mode. SCORES is a platform for investors to lodge online complaints with Sebi against listed companies, registered intermediaries and market infrastructure institutions. According to Sebi norms, entities against whom complaints are lodged need to file an action taken report with the regulator within 30 days of receipt of the complaint.
Important takeaways for all competitive exams:
- Chairman of SEBI: Ajay Tyagi; Headquarter: Mumbai.