"SCORES is an organisation to measure the performance of limited companies." Comment.

CS Executive · Capital Markets & Securities Laws · PYQS · December 2015
"SCORES is an organisation to measure the performance of limited companies." Comment.

Answer & Explanation:

The given statement is not correct. SCORES (SEBI Complaints Redress System) is a web based centralized grievance redress system of SEBI. SCORES enables investors to lodge and follow up their complaints and track the status of redressal of such complaints online from the above website from anywhere. This enables the market intermediaries and listed companies to receive the complaints online from investors, redress such complaints and report redressal online. All the activities starting from lodging of a complaint till its closure by SEBI would be online in an automated environment and the complainant can view the status of his complaint online. An investor, who is not familiar with SCORES or does not have access to SCORES, can lodge complaints in physical form at any of the offices of SEBI. Such complaints would be scanned and also uploaded in SCORES for processing.

Topics: SEBI and Investor Protection

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