How to file SEBI SCORES complaint?
For any issue related to the securities market, file complaint in scores.gov.in website
As an investor, you've certain rights, and market participants (AMC / RTA / broker / depository / advisor / distributor etc.) have to make sure your rights are not violated.
Indian securities markets are highly regulated. And if you're not satisfied with resolution of an ongoing issue with your broker or AMC you're investing with; you can approach SEBI (Securities and Exchange Board of India) to hear you out.
For any grievance related to the securities market, with a listed company/ intermediary registered with SEBI you can file a complaint with SEBI if you are not satisfied with the response from the party.
What is an intermediary in this context?
Examples of Intermediary
- Depository & Depository Participant
- Mutual Fund house
- Investment Advisor
- Institutional Investor
Broadly speaking, SEBI takes up complaints related to
- 1.Issue and transfer of securities (e.g. listing not visible after purchase)
- 2.Non-payment of dividend with listed companies
- 3.Against the various intermediaries registered with it and related issues (e.g. Mutual fund house not allowing cancellation of SIP)
You can file the complaint in the online platform called SCORES provided by SEBI and track its status.
Below are the steps to raise a complaint provided the issue had happened in the last 3 years
- 2.After login, go to Investor Corner -> Complaint Registration
- 3.Provide details like name of entity, nature of complaint and category like Mutual Fund, Broker, Portfolio Manager etc.
- 4.Detail the complaint in less than 1000 words and attach any proof in PDF format if you have.
- 5.You will receive an acknowledgment after submitting. An email and SMS also will be sent to acknowledge the same.
- 6.A response will be given to the complainant with in 30 days.
- 1.Listed Companies, Registrar & Transfer Agents, Non-Demat & Remat
- 2.Brokers, Stock Exchanges
- Stock Broker
- Portfolio Manager
- Stock Exchanges
- Commodity Exchanges
- 3.Depository Participants, Depository
- 4.Other Entities
- Collective Investment Schemes
- Merchant bankers
- Debenture Trustee
- Bankers to an issue
- Credit Rating agencies
- Custodian of securities
- Venture Capital funds
- KRA (KYC Registration Agency)
- Alternative Investment Fund
- InvITs (Infrastructure Investment Funds)
- REITs (Real Estate Investment Trusts)
- Price/Market manipulation
- Insider trading
- Complaints pertaining to commodity derivative
- 6.Investment Advisor, Research Analyst
- 7.Fake and Forged
Based on our experience, possibly the hardest part in registering a complaint on SCORES is to find which category the market participant belongs to.
If you already have this information it's quite straight-forward to file this complaint.
We have table below, which should help with filing complaint against common popular entities
This is by no means an exhaustive list; and the registration can change / get defunct / recategorized at the time of reading this.
However, most of these should help you file a complaint against one of these popular entities.