What are the matters that cannot be considered as complaints under SCORES? Specify details.
CS Executive · Securities Laws and Capital Markets · PYQS · December 2019
What are the matters that cannot be considered as complaints under SCORES? Specify details.
Answer & Explanation:
Presently, the following types of complaints are not dealt through SCORES: Complaints against the companies which are unlisted/delisted, in dissemination board of Stock Exchanges, Complaints those are sub-judice i.e. relating to cases which are under consideration by court of law, quasi-judicial proceedings etc. Complaints falling under the purview of other regulatory bodies viz. RBI, IRDAI, PFRDA, CCI, etc., or under the purview of other ministries viz., MCA, etc. Complaints against a sick company or a company where a moratorium order is passed in winding up / insolvency proceedings. Complaints against the companies where the name of company is struck off from ROC or a vanishing company as per list published by MCA. vi. Suspended companies, companies under liquidation / BIFR/etc Alternate Answer The matters that cannot be considered as complaints in SCORES: a. Complaint not pertaining to investment in securities market b. Anonymous Complaints (except whistle-blower complaints) c. Incomplete or un-specific complaints d. Allegations without supporting documents e. Suggestions or s eeking guidance/explanation f. Not satisfied with trading price of the shares of the companies. g. Non-listing of shares of private offer h. Disputes arising out of private agreement with companies/intermediaries i. Matter involving fake/forged documents j. Complaints on matters not in SEBI purview k. Complaints about any unregistered/un-regulated activity.
Topics: SEBI Complaints Redress System (SCORES)
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