A complete of two,457 complaints towards corporations and market intermediaries have been disposed of by Sebi’s SCORES platform in Might.
At first of Might, as many as 2,984 complaints have been pending, and a couple of,626 recent complaints have been obtained, in keeping with the information launched by markets regulator Sebi on Saturday.
The regulator additionally famous that as of Might 2023, 28 complaints have been pending for greater than three months, the information confirmed.
Additionally Learn: Need To Elevate Situation With Sebi? Know How To File Grievance By SCORES Portal
These complaints have been associated to funding advisers, analysis analysts, company governance/ itemizing circumstances, minimal public shareholding, enterprise capital funds and takeover/ restructuring.
The typical decision time for a grievance was 31 days, as per the information.
In a separate public discover, the markets watchdog Sebi talked about 12 entities towards whom complaints have been pending for greater than three months on SCORES as of Might 2023.
The entities included Brightcom Group Ltd, Ankur Jain, Analysis Guru, Umesh Kumar Pandey proprietor — Aurostar Funding Advisory Companies, Dharmesh Parmar, Grovalue monetary providers and Spotlight Funding Analysis.
Deepak Ostwal proprietor of — Capital Methods Funding Adviser, Wealth Issue, Rajiv Kumar Singh proprietor — Elite Funding Advisory Companies, Kaushal Mehta and Cinema Capital Enterprise Fund have been among the many entities towards whom complaints are pending for over three months.
SCORES is a grievance redressal system that was launched in June 2011. It’s designed to assist traders to lodge their complaints on-line with Sebi, pertaining to the securities market, towards corporations, intermediaries and market infrastructure establishments.
(This story has not been edited by News18 workers and is revealed from a syndicated information company feed – PTI)