What are the kind of Grievances noted in Shares and Brokerage?
The Various Types of Investors? Grievances observed by SEBI in connection of Shares are as follows : 1. Delay in transfer of shares 2. Non-receipt of shares/dividends/rights/bonus shares 3. Delay/ Non-receipts in issue of duplicate shares 4. Delay/ Non-receipt of annual reports 5. Delay/ Non-receipt of redemption amount of debentures 6. Delay/ Non-receipt of interest on debentures 7. Delay/ Non-credit of shares in the account by the broker 8. Delay/ Non-payment of sale proceeds by the broker etc. 9. Manipulation in the accounts statements 10. Unauthorized trades and unauthorized movements of shares and funds from the clients? accounts. 11. Dabba Trading/ churning etc. in clients? accounts 12. Delay/ Non-updating the changed detail of Investors. The market regulator has initiated a centralized online system for lodging and tracking complaints. Here's how to redress your grievances.
Where to complaint ?
For registering a complaint, access http://scores.gov.in and click on the 'complaint registration' tab under 'Investor Corner'.
What Supporting documents need to be submitted?
Supporting documents up to 1 MB can be attached in the pdf format. in case the data to be loaded for each category is more than 1 MB, it can be sent by post to any of the sebi offices.
Do you get any Registration number?
On filing the complaint, a unique registration number will be generated, which can be used for future correspondence. An e-mail acknowledging the complaint with the complaint registration number will also be sent to the e-mail ID entered in the complaint registration form. Sending a reminder: If you want to send a reminder for the lodged complaint, click on 'Send Reminder' under 'Investor Corner' on the home page. Provide details like registration number, reminder details and the security code.
If you are not satisfied with the response?
You can file a fresh complaint, send a mail to the officer entrusted with the complaint, take up the complaint with senior officers, or initiate legal proceedings against the entity.
What is SCORES?
It stands for Sebi Complaints Redress System.
How is the complaint processed?
The complaint is scrutinized by SEBI to see if the subject falls under its purview. If it does, Sebi forwards it to the concerned entity with an advice to send a written reply to the investor and file an action-taken report within 30 days. Track the status of your complaint: To check your complaint status, click on 'View Complaint Status' under 'Investor Corner' on the home page. STEP 1: Provide the complaint registration number which was allotted at the time of registration. STEP 2: Enter your password - a. In case of online complaints, your e-mail address is your password. b. In case of physical complaints sent to Sebi, enter the password sent to you by Sebi in the acknowledgement letter. RESULTS: On verifying the correctness of registration number, password and security code, the current status of your complaint is displayed.
When the complaints not taken up by the SEBI?
Your complaint may not be taken up if... o It is incomplete or not specific. o The allegation is not supported by documents. o You are simply offering suggestions or seeking guidance/explanation. o You want to seek explanation for non trading or illiquidity of shares. o You are not satisfied with the trading price of shares. o It is about non-listing of shares of a private offer. o It concerns disputes arising from a private agreement with companies/intermediaries.
How complaints can be informed to SEBI.
1) A complaint that has been taken up with the company concerned can be registered on SCORES if the investor is not satisfied with the response. 2). Unlisted companies and entities not registered with SEBI are not covered by SCORES. 3). An investor, who is not familiar with SCORES or has no access to the website, can lodge a complaint in the physical form by mail to any SEBI office. Such complaints are scanned and uploaded in SCORES for processing. You can also call up SEBI's toll-free helpline service number for guidance... 1800 266 7575 or 1800 22 7575 (The service is available in 14 languages) For more information please visit http://www.sebi.gov.in/sebiweb/