Write short notes on the following: Redressal of Investor grievances by an Intermediary.

Redressal of Investor Grievances by an Intermediary The intermediary shall make endeavours to redress investor grievances promptly but not later than 45 days of receipt thereof and when called upon by the SEBI to do so it shall redress the grievances of investors within the time specified by the SEBI. The intermediary shall maintain records regarding investor grievances received by it and redressal of such grievances. The intermediary shall at the end of each quarter of a Financial Year ending on 31st March upload information about the number of investor grievances received, redressed and those remaining unresolved beyond three months of the receipt thereof by the intermediary on the website specified by the SEBI.