Sarvbhom Ltd. issued 2000 equity shares of ₹100 each on 1st May, 2019. The amount payable was ₹30 on application and ₹70 on allotment of shares. The company had received applications for 3000 equity shares and shares wer

CS Executive · Securities Laws and Capital Markets · PYQS · December 2021
Sarvbhom Ltd. issued 2000 equity shares of ₹100 each on 1st May, 2019. The amount payable was ₹30 on application and ₹70 on allotment of shares. The company had received applications for 3000 equity shares and shares were allotted on pro-rata basis on 31st August, 2019. Dakshin, had applied for 120 shares on 15th May, 2019. The excess application money was refunded to him on 29th February, 2020. What is the procedure for filing a complaint?

Answer & Explanation:

Procedure for filing a complaint Any person who has a grievance against a listed company or an intermediary relating to any of the matters specified under the SEBI (Ombudsman) Regulations, 2003 may himself or through his authorised representative or any investors association recognised by the SEBI, make a complaint against a listed company or an intermediary to the Ombudsman within whose jurisdiction the registered or corporate office of such listed company or intermediary is located. If SEBI has not notified any Ombudsman for a particular locality or territorial jurisdiction, the complainant may request the Ombudsman located at the Head Office of the SEBI for forwarding his complaint to the Ombudsman of competent jurisdiction. The complaint is required to be in writing duly signed by the complainant or his authorised representative (not being a legal practitioner) in the Form specified in the Schedule to the regulations and supported by documents, if any. The Ombudsman may dismiss a complaint on any of the grounds specified under the Regulations or when such complaint is frivolous in his opinion.

Topics: Investor Protection

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