complaints if they seek explanation for non-trading of shares or illiquidity of shares, make allegations without supporting documents as well as those related to disputes arising out of private agreement with companies and intermediaries.
Sebi noted that it does face various kinds of limitations while resolving the complaints such as in cases where the entity against whom the grievance has been filed denies wrongdoing, and it remains unclear as to who is wrong or whether any wrongdoing occurred at all.
“If this happens, Sebi cannot act as a judge or an arbitrator and force the entity to resolve the complaint. Securities laws and other laws provide important legal rights and remedies if an investor has suffered wrongdoing. On their own, investors can also seek to resolve their complaint through the courts, consumer courts, or arbitration,” it said.