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Companies can now list on the bourses only after they authenticate themselves on SEBI’s complaint redressal system, SCORES. SEBI issued this mandate to exchanges on Friday evening.
Stock exchanges have to comply with this SEBI mandate before granting listing approval to any company in the future.
With this, SEBI expects a reduction in the number of pending investors' complaints.
SCORES is web-based grievance redressal system introduced by SEBI. It enables time-bound resolution of investor grievances by companies.
SCORES has an online tracking facility for investors to monitor the status of their complaints.
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