Investor Complaints | Stock Market Data Research | William O'Neil India

Data for the month ending – May 2024

Sr.No. Received from Pending at the end of last month Received Resolved* Total Pending# Pending complaints>3months Average Resolution time^ (in days)
1 Directly from Investors 0 0 0 0 0 n/a
2 SEBI (SCORES) 0 0 0 0 0 n/a
3 Other Sources (if any) 0 0 0 0 0 n/a
  Grand Total 0 0 0 0 0 n/a
^ Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month.

 

Trend of monthly disposal of complaints

Sr.No. Month Carried forward from previous month Received Resolved* Pending#
1 April, 2022 0 0 0 0
2 May, 2022 0 0 0 0
3 June, 2022 0 0 0 0
4 July, 2022 0 0 0 0
5 August, 2022 0 0 0 0
6 September, 2022 0 0 0 0
7 October, 2022 0 0 0 0
8 November, 2022 0 0 0 0
9 December, 2022 0 0 0 0
10 January, 2023 0 0 0 0
11 February, 2023 0 1 1 0
12 March, 2023 0 0 0 0
13 April, 2023 0 0 0 0
14 May, 2023 0 0 0 0
15 June, 2023 0 0 0 0
16 July, 2023 0 0 0 0
17 August, 2023 0 0 0 0
18 September, 2023 0 0 0 0
19 October, 2023 0 0 0 0
20 November, 2023 0 0 0 0
21 December, 2023 0 1 1 0
22 January, 2024 0 0 0 0
23 February, 2024 0 0 0 0
24 March, 2024 0 0 0 0
25 April, 2024 0 0 0 0
26 May, 2024 0 0 0 0
  Grand Total 0 2 2 0
*Inclusive of complaints of previous months resolved in the current month. #Inclusive of complaints pending as on the last day of the month.

 

Trend of annual disposal of complaints

SN Year Carried forward from previous year Received Resolved* Pending#
1 2019-20 0 1 1 0
2 2020-21 0 1 1 0
3 2021-22 0 1 1 0
4 2022-23 0 2 2 0
5 2023-24 0 0 0 0
  Grand Total 0 5 5 0
*Inclusive of complaints of previous years resolved in the current year. #Inclusive of complaints pending as on the last day of the year.

 

REDRESSAL OF INVESTOR GRIEVANCES

Regulatory Reference: SEBI/HO/OIAE/IGRD/P/CIR/2022/0150 November 07, 2022

What is called a “Direct Complaint”

Firstly, it is now mandatory for investors having grievances for redressal to take up the matter directly with the registered entity concerned, through the entity’s designated persons/officials who handle issues relating to compliance and redressal of investor grievances.

In case, the entity concerned fails to redress the complaint within 30 days, the investors can file their complaint in the SEBI complaints redress system “SCORES” platform.

Secondly, the complainant may use SCORES to submit the complaint or grievance directly to the intermediaries for resolution. Such a complaint is called a “Direct Complaint.

Complaint shall be redressed by the entity within 30 days without any intervention of SEBI, failing which the complaint shall be registered on SCORES. Thereafter, SEBI shall take it up with the entity concerned.

CONTACT FOR ASSISTANCE IN FILING COMPLAINTS

  • The investors may contact the Investor Associations (IAs) recognized by SEBI for any assistance in filing complaints on SCORES.
  • The list of IAs are available on SEBI website (sebi.gov.in).
  • Investors may also seek assistance in filing complaints on SCORES from SEBIs toll free helpline number 1800 266 7575 or 1800 22 7575.

PROCESS TO REGISTER A COMPLAINT

  • Investors who wish to lodge a complaint on SCORES (complainant) are required to register themselves on www.scores.gov.in by clicking on “Register here” under the “Investor Corner”.
  • Investor can also use Google SCORE App or Apple SCORE App.
  • While filing the registration form, details like Name of the investor, Permanent Account Number (PAN), contact details, email Id, Aadhaar card number(optional), Central KYC (CKYC) ID (optional) etc. are required to be provided for effective communication and speedy redressal of the grievances.
  • Upon successful registration, a unique user id and a password shall be generated and communicated through an acknowledgement email to the complainant.

TIMEFRAME FOR A COMPLAINT TO BE LODGED ON SCORES

  • The complaint shall be lodged on SCORES within one year from the date of cause of action, where;
  • The complainant has approached the registered intermediary, for redressal of the complaint and,
  • The concerned registered intermediary has rejected the complaint or,
  • The complainant has not received any communication from the concerned the registered intermediary or,
  • The complainant is not satisfied with the reply received or the redressal action taken by the concerned intermediary.

REVIEW OPTION

  • To enhance investor satisfaction on complaint redressal, a one-time ‘Review’ option is also available under SCORES wherein a complainant, if not satisfied with the extent of redressal of grievance by the concerned intermediary, opts for review of the extent of the redressal, within 15 days from the date of closure of the complaint on SCORES.
  • Thereafter, the complaint shall be escalated to the supervising official of the dealing officer of SEBI.

GENERAL PROVISIONS REGARDING INVESTOR GRIEVANCE REDRESSAL

  • The SEBI registered intermediaries to whom complaints are forwarded through SCORES, shall take immediate efforts on receipt of a complaint from the complainant within 30 days of receipt of such complaint. The intermediaries shall keep the complainant duly informed of the action taken thereon.
  • A complaint shall be treated as resolved/disposed/closed only when SEBI disposes / closes the complaint in SCORES. Hence, mere filing of Action Taken Report (ATR) on SCORES by an intermediary with respect to a complaint will not mean that the complaint is not pending.