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Economy News

News on Indian Economy and Sectors, which have impacts in the market.

 
SEBI Asks Exchanges To Set Up Online Complaint Redressal System
05-Jul-22 11:17Hrs IST

SEBI has implemented an online platform, SEBI Complaints Redressal System (SCORES), designed to help investors to lodge their complaints, pertaining to securities market, against listed companies and SEBI registered intermediaries. The system is intended to expedite redressal/disposal of investors' complaints as it would also obviate the need for physical movement of complaints. SEBI has also asked all recognized stock exchanges including Commodity Derivative Exchanges/Depositories to widely publicize its online web based complaints redressal system. SEBI has also doubled the threshold limit for fees paid by investors who prefer an arbitration proceeding in case of a claim or a counterclaim in their dealings with a market intermediary. If such claims are up to Rs. 20 lakh, no fees would be paid. Earlier this limit was Rs. 10 lakh.

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Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

A Muthoot M George Enterprise