SEBI emphasizes Listed entity to address and resolve the grievances raised by stakeholders and investors. The basic aim of Annual investors' meet is to protect the interest of stakeholders and prospective investors. In v

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2022
SEBI emphasizes Listed entity to address and resolve the grievances raised by stakeholders and investors. The basic aim of Annual investors' meet is to protect the interest of stakeholders and prospective investors. In view of this, Grievance Redressal Mechanism is mandated by the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prepare a note on Grievance Redressal Mechanism.

Answer & Explanation:

According to Regulation 13(3) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, which deals with the Grievance Redressal Mechanism, the listed entity shall: Ensure that adequate steps are taken for expeditious redressal of investor complaints. Ensure that it is registered on the SEBI Complaints Redress System (SCORES) platform or such other electronic platform or system of the Board as shall be mandated from time to time, in order to handle investor complaints electronically in the manner specified by the Board. Shall file with the recognised stock exchange(s) on a quarterly basis, within twenty one days from the end of each quarter, a statement giving the number of investor complaints pending at the beginning of the quarter, those received during the quarter, disposed of during the quarter and those remaining unresolved at the end of the quarter. The statement as specified in sub-regulation (3) shall be placed, on quarterly basis, before the board of directors of the listed entity.

Topics: Compliance Management

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