Investors' complaints: Sebi fined 7 cos
Additionally, Sebi in the first five months of the current fiscal had barred four companies--Shukla Data Technics, Top Telemedia, International Hometex and Alpine Industries and their respective directors from accessing securities market for not resolving investor grievances.
The regulator restrained these four companies and their directors "from accessing the securities market and from buying, selling or dealing in securities directly or indirectly, in whatsoever manner, till all the investors' grievances against the company are resolved by them."
In August, Sebi had asked all listed companies to register themselves with its online complaint redressal system – SCORES -- by September 14, after which they would be required to resolve all grievances within 30 days of their receipt.
In case, a company is unable to initiate action for redressal of investor grievances within seven days of receipt in SCORES, the regulator could take necessary enforcement actions.
Sebi had launched this online system for handling investor grievances in June 2011.
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