The market regulator has launched an online mechanism for all companies wishing to list their securities on stock exchanges to obtain SCORES (SEBI Grievance Redressal System) credentials.
SCORES the online form. can be seen on Website.
“In view of the same, companies are no longer required to submit a physical copy of Form-A or e-mail to SEBI, as provided in a circular dated December 18, 2014,” SEBI said in a circular on Thursday. “
This has been done as part of the green initiative of the Securities and Exchange Board of India (SEBI) and to streamline the redressal of investor grievances against companies prior to listing.
SCORES is a platform designed to help investors register their grievances related to securities market online with SEBI against listed companies and SEBI-registered intermediaries. All complaints received are dealt with through SCORES.
According to the market regulator, an instruction document has been provided along with the online form. “Companies are encouraged to go through the instruction document before filling and submitting the online form,” SEBI said.
Companies will now have to attach a declaration along with the online form on company letterhead, signed by the Compliance Officer.
For companies desirous of getting listed on the Mainboard, they have to declare that the DRHP has been submitted to SEBI.
Companies desirous of listing on the SME/debt platform of the stock exchange shall declare that an application for listing of its securities has been submitted with the stock exchange or that in-principle approval for listing of its securities has been received from the stock exchange. has been done.
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