ABC Ltd. is a public company listed on stock exchange. The company declared a dividend in the Annual General Meeting held on 1st May, 2020. However, the dividend was distributed on 5th June, 2020. One of the shareholders

CS Executive · Securities Laws and Capital Markets · PYQS · December 2022
ABC Ltd. is a public company listed on stock exchange. The company declared a dividend in the Annual General Meeting held on 1st May, 2020. However, the dividend was distributed on 5th June, 2020. One of the shareholders Jyeti made a complaint on SCORES platform on 5th June, 2022. Answer the followings: What happens if investor fails to lodge complaint on SCORES within stipulated period?

Answer & Explanation:

The SEBI (Informal Guidance) Scheme, 2003, generally provides a period of three years from the date of the cause of action for lodging complaints. If an investor fails to lodge a complaint on SCORES within the stipulated period (generally three years), they may directly take up the complaint with the entity concerned or may approach an appropriate court of law for redressal.

Topics: Investor Protection

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