Sebi's SCORES platform disposes of 2,457 complaints in May

The Securities and Exchange Board of India (Sebi) has resolved 2,457 complaints against companies and intermediaries over May through its SCORES platform. As of the beginning of May, 2,984 complaints were pending, and 2,626 new complaints were received. Moreover, 28 complaints were pending for over three months related to investment advisers, minimum public shareholding, takeover/restructuring, research analysts, corporate governance/listing conditions and venture capital funds. The average complaint resolution time was 31 days. Sebi mentioned that 12 entities have pending complaints for over three months on SCORES as of 31 May. They included Brightcom Group, Research Guru, Umesh Kumar Pandey of Aurostar Investment Advisory Services, Capital Ways Investment Adviser, and Elite Investment Advisory Services.

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