Explain the grievance redressal mechanism under Regulation 13 of SEBI (LODR) Regulations, 2015 for listed entities.

CS Professional · Corporate Funding & Listings in Stock Exchanges · PYQS · December 2020
Explain the grievance redressal mechanism under Regulation 13 of SEBI (LODR) Regulations, 2015 for listed entities.

Answer & Explanation:

As per Regulation 13 of SEBI (LODR) Regulations, the Listed entity shall ensure that: Adequate steps are taken for expeditious redressal of investors complaints. It is registered with SCORES platform or any other platform of SEBI for resolving investors complaint electronically as specified by SEBI. Submission of Statement of Investors compliant. Submit statement to stock exchange within 21 days from the end of quarter. Statement should contain- number of complaints pending at the beginning of the quarter. received during the quarter. resolved / disposed of during quarter and remaining unsolved at the end of the quarter. The statement of investor's complaints shall be placed before the Board of Directors of the listed entity on quarterly basis.

Topics: SEBI (LODR) Regulations, 2015

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