Latest News | Sebi's SCORE Platform Receives 3,293 Complaints in Sep; Disposes of 4,683 Grievances

New Delhi, Oct 11 (PTI) A total of 4,683 complaints, received through the grievance redressal system SCORES against companies or market intermediaries, have been disposed of in September, according to data released by Sebi on Tuesday.

At the beginning of September, 3,225 complaints were pending and 3,293 fresh complaints were received, according to the data.

Also Read | Sony PS5 Restock: Gaming Console To Be Available for Pre-Order Tomorrow in India.

These complaints were related to refunds, allotment, redemption and interest, among others.

The regulator also noted that there were nine complaints as of September this year which were pending for more than three months pertaining to investment adviser, research analyst, non-demat, remat, refunds, dividends and rights, among others.

Also Read | IDBI Bank Sale: Corporates Cannot Be Bidding Consortium Members Due to RBI Norms.

The average resolution time for a complaint was 29 days, it added.

In a separate public notice, Securities and Exchange Board of India (Sebi) mentioned eight entities again against whom complaints have been pending for more than three months on SCORES as of September.

Grovalue Financial Services Pvt Ltd, Analysewise Investment Advisors, Gaurav Agrawal, Proprietor Profit Vista Financial Research, Highlight Investment Research, Indian Commodity Exchange, Last Mile Enterprises, Premier Ltd and Sonal International are among other entities against whom complaints have been pending for over three months.

SCORES is a grievance redressal system which was launched in June 2011.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)