Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Discussion > Corporate Law > Others >

Sebi - circular - scores

    Post New Topic
Pages : 1





Chennai


[ Scorecard : 114]
Posted On 05 August 2011 at 19:39 Report Abuse

 

Introduction:

If the investors has to raise the complaints for non- receipt of allotment letter, share certificate etc., against company or intermediaries will submit a compliant letter to SEBI for redressal. In 2009-10, SEBI received 32,200 investor complaints  and in 2008-09, there were 57,580. and redressed 2.5 million cases till 2009-10. 

Now SEBI comes with new circular that all complaints pertaining to all the listed companies and intermediaries, depository, mutual funds, CIS, Bankers to Issue, Underwriters etc, can filed electronically through SCORES.

Once the complaints has been registered against the company, then company has to take action for the complaints and should submit the ATR (Action Taken Reports) through electronically with the supporting documents. At same time company can view the pending complaints. 

Meaning of SCORES

Usually we come cross the word "SCORES" in CRICKET, But here SEBI give the expalantion for the word "SCORES"

SCORES - SEBI Complaints Redress System 

Features of SCORES

1. Centralized database of all complaints. 
2. Online movement of complaints to the concerned intermediaries 
3. Online upload of Action  Taken Reports (ATRs) by the concerned entities, and 
4. Online viewing by investors of  action on the complaints and its current status.  

About New Circular

All complaints shall be forwarded electronically through SCORES Only.

The Company can view the pending complaints and has to submit the ATR along with supporting documents electronically in SCORES.  

The Submission of physical ATR will not be accepted for complaints lodged in SCORES.

A daily alert pending complaints will be forwarded to your Compliance Officer.  Hence, the company has to send the current details of the Compliance 
Officer i.e. name and email ID to SEBI by August 20, 2011 to bti @ sebi.gov.in (BTI) and dt @ sebi.gov.in (DT) with subject “SCORES”. On receipt of the same, the user ID and password for logging into SCORES shall be communicated.

Regards
PL.Manickam 
cs-ca-cwa.blogspot.com

Online classes for CA CS CMA



There are 0 Replies to this message






Related Files








Related Threads


Post your reply for Sebi - circular - scores



Your are not logged in . Please login to post replies

Click here to login


Not a member yet ?? Click here to signup

Message







    

  • Use thank button to convey your appreciation.
  • Maintain professionalism while posting and replying to topics.
  • Try to add value with your each post.




Forum Home | Forum Portal | Member Control Center | Who is Where | Popular Threads | Today's Topic | Recent Posts | Today's Posts | Post New Topic | Thread With Files | Top Threads This Month | Forum Stats | Unreplied Threads

back to the top