SEBI Resolves 3,500+ Complaints in October via SCORES
ECONOMY & POLICY

SEBI Resolves 3,500+ Complaints in October via SCORES

In October, the Securities and Exchange Board of India (SEBI) successfully addressed over 3,500 complaints through its centralised online system, SCORES, showcasing the regulatory body's commitment to efficient grievance resolution in the realm of urban infrastructure. The SEBI's strategic use of technology, particularly the SCORES platform, has played a pivotal role in streamlining the complaint resolution process, ensuring timely redressal for investors and stakeholders.

SCORES, which stands for SEBI Complaints Redress System, serves as a centralised platform for investors to lodge complaints and grievances related to securities and market activities. The resolution of more than 3,500 complaints in a single month highlights the effectiveness of this digital mechanism in handling a significant volume of concerns and disputes.

The successful resolution of these complaints underscores SEBI's dedication to maintaining transparency, accountability, and investor confidence in the financial markets. By leveraging technology, SEBI has created a robust system that enables swift and systematic grievance redressal, contributing to the overall integrity of the urban infrastructure and financial sectors.

The October figures also reflect the proactive approach of SEBI in addressing investor concerns and maintaining market integrity. As a key regulatory body, SEBI plays a crucial role in fostering trust and reliability within the financial ecosystem. The use of SCORES as a digital tool for grievance resolution not only enhances efficiency but also aligns with the broader trend of digitisation and technology adoption in regulatory frameworks to ensure a responsive and investor-friendly environment.

In October, the Securities and Exchange Board of India (SEBI) successfully addressed over 3,500 complaints through its centralised online system, SCORES, showcasing the regulatory body's commitment to efficient grievance resolution in the realm of urban infrastructure. The SEBI's strategic use of technology, particularly the SCORES platform, has played a pivotal role in streamlining the complaint resolution process, ensuring timely redressal for investors and stakeholders. SCORES, which stands for SEBI Complaints Redress System, serves as a centralised platform for investors to lodge complaints and grievances related to securities and market activities. The resolution of more than 3,500 complaints in a single month highlights the effectiveness of this digital mechanism in handling a significant volume of concerns and disputes. The successful resolution of these complaints underscores SEBI's dedication to maintaining transparency, accountability, and investor confidence in the financial markets. By leveraging technology, SEBI has created a robust system that enables swift and systematic grievance redressal, contributing to the overall integrity of the urban infrastructure and financial sectors. The October figures also reflect the proactive approach of SEBI in addressing investor concerns and maintaining market integrity. As a key regulatory body, SEBI plays a crucial role in fostering trust and reliability within the financial ecosystem. The use of SCORES as a digital tool for grievance resolution not only enhances efficiency but also aligns with the broader trend of digitisation and technology adoption in regulatory frameworks to ensure a responsive and investor-friendly environment.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement