Clarification on SEBI Circular SEBI/HO/OIAE/IGRD/CIR/P/2020/152 dated 13 August, 2020 on Investor grievances redressal mechanism – Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grieva
Summary
This circular clarifies the interpretation of specific terms within a previous SEBI circular dated 13 August, 2020 regarding investor grievance redressal. It mandates that references to 'promoter and promoter group' be read as 'promoter(s)' in Paras 16, 27, 32, and Point 2c of Annexure-1. The document is issued under Section 11(1) of the SEBI Act, 1992 to protect investor interests.
Text
In respect of Paras 16, 27, 32 and Point 2c of Annexure -1 to the said circular, please read the words “promoter and promoter group” and “promoter/promoter group” as “promoter(s)”.
Source: SecMarx — Clarification on SEBI Circular SEBI/HO/OIAE/IGRD/CIR/P/2020/152 dated 13 August, 2020 on Investor grievances redressal mechanism – Handling of SCORES complaints by stock exchanges and Standard Operating Procedure for non-redressal of grieva. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.