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Cos Must Redress Investor Complaints within a Month
Stock exchanges and listed companies have to redress investor complaints within a month of receiving them and their failure to meet this directive could attract penal action.In a circular, Sebi said: All listed companies are required to redress the grievances of investors and inform them within 30 days of the receipt of the complaints. The details of investor grievances relating to companies are available at the webpage of SCORES that can be accessed through their respective user ID and password.Sebi said the companies which are yet to get SCORES user ID and password are required to send their details in a manner specified by Sebi and obtain the same.
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