Non compliance with requirement of scores

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2013 Every listed company is required to obtain a user id and password from SEBI for Compliance with Scores, however I want to know
1. What would be consequences if a company not get the user id and password in due time.
2. Can company apply for the same after due date
3. What would be amount of penalty (if any)

Thank you in advance

Ajay Mishra

Ajay Mishra (Expert)
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02 July 2013 CIR/OIAE/1/2012 August 13, 2012
All Companies whose securities are listed on Stock Exchanges
(through Stock Exchanges)
All recognized Stock Exchanges
Dear Sir/Madam,
Subject : Redressal of investor grievances against listed companies in SEBI
Complaints Redress System (SCORES).
SEBI had issued Circular No.CIR/OIAE/2/2011 dated June 3, 2011 regarding
commencement of SEBI Complaints Redress System (SCORES) and advising all
companies whose securities are listed on various stock exchanges to comply with
the provisions of the said circular.
1. In this regard, all companies whose securities are listed on stock exchanges, are
hereby advised to obtain SCORES authentication by September 14, 2012 in terms of
the aforesaid circular.
2. All companies against whom complaints are pending on SCORES, shall take
appropriate necessary steps within 7 days of receipt of complaint by the concerned
company through SCORES, so as to resolve the complaint within 30 days of receipt
of complaint and also keep the complainant duly informed of the action taken
thereon.
3. In case of failure to comply with the above, SEBI would be constrained to initiate
enforcement actions as per the law as may be deemed appropriate.
4. The Stock Exchanges are accordingly advised to bring the provisions of this
Circular to the notice of all the companies whose securities are listed in the
exchange and also to disseminate the same on the website.
4. This Circular is issued in exercise of powers conferred under Section 11(1) of the
Securities and Exchange Board of India Act, 1992 to protect the interests of
investors in securities and to promote the development of, and to regulate the
securities market.
5. This Circular is available on SEBI website at www.sebi.gov.in.

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