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Redressal of Investors Grievance

Discuss Redressal of Investors Grievance within the Financial Management ( FM ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; REDRESSAL OF INVESTOR’S GRIEVANCES SEBI has instituted a mechanism for redressal of investor grievances related to issue of securities. The ...

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Sunanda K. Chavan
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Redressal of Investors Grievance - September 20th, 2010

REDRESSAL OF INVESTOR’S GRIEVANCES

SEBI has instituted a mechanism for redressal of investor grievances related to issue of securities. The grievances are in the nature of delays extending beyond the permitted time-ftame by issuers in transfer of securities, dispatch of certificates to allottees, refund of application money and payment of dividends.

SEBI enjoys the power to prosecute companies for these violations. SEBI has now made it mandatory for all issuers to deposit 1 % of the size of the issue as security deposit with the regional stock exchange. This amount will be released only after all the investor grievances have been redressed to the satisfaction of SEBI.

A new product called Stockinvest was introduced which allows investors to use funds earmarked for interest bearing bank deposits (held in their own name) to apply for primary market issues. SEBI has also reduced the maximum time period for allotment to 30 days ftom the closure of the issue.

In order to prevent fraudulent encashment of refund orders, applicants are required to indicate their bank account numbers in the application form, on which the refund orders are to be drawn.

SEBI has also recognized investor associations to further the cause of investor protection. The use of Consumer Courts to bring class action suits against erring issuers is being encouraged. SEBI is educating the investors and making them.
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Rose Marry
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Re: Redressal of Investors Grievance - April 14th, 2016

Quote:
Originally Posted by sunandaC View Post
REDRESSAL OF INVESTOR’S GRIEVANCES

SEBI has instituted a mechanism for redressal of investor grievances related to issue of securities. The grievances are in the nature of delays extending beyond the permitted time-ftame by issuers in transfer of securities, dispatch of certificates to allottees, refund of application money and payment of dividends.

SEBI enjoys the power to prosecute companies for these violations. SEBI has now made it mandatory for all issuers to deposit 1 % of the size of the issue as security deposit with the regional stock exchange. This amount will be released only after all the investor grievances have been redressed to the satisfaction of SEBI.

A new product called Stockinvest was introduced which allows investors to use funds earmarked for interest bearing bank deposits (held in their own name) to apply for primary market issues. SEBI has also reduced the maximum time period for allotment to 30 days ftom the closure of the issue.

In order to prevent fraudulent encashment of refund orders, applicants are required to indicate their bank account numbers in the application form, on which the refund orders are to be drawn.

SEBI has also recognized investor associations to further the cause of investor protection. The use of Consumer Courts to bring class action suits against erring issuers is being encouraged. SEBI is educating the investors and making them.
Hey buddy,

Here I am up-loading Notes on Investor Grievances Redressal Mechanism and Protection for Retail Investors, please check attachment below.
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