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  1. Nearly 15,000 complaints received against listed companies in FY16

Nearly 15,000 complaints received against listed companies in FY16

Nearly 15,000 investor complaints have been received against listed companies in the last fiscal, a surge of 19.5 per cent from the preceding financial year, Parliament was informed today.

By: | New Delhi | Published: July 26, 2016 4:14 PM
In a written reply to Rajya Sabha, Minister of State for Finance Arjun Ram Meghwal said the complaints received against listed companies in SCORES (Sebi Complaints Redress System) stood at 14,978 in last financial year (Reuters) In a written reply to Rajya Sabha, Minister of State for Finance Arjun Ram Meghwal said the complaints received against listed companies in SCORES (Sebi Complaints Redress System) stood at 14,978 in last financial year (Reuters)

Nearly 15,000 investor complaints have been received against listed companies in the last fiscal, a surge of 19.5 per cent from the preceding financial year, Parliament was informed today.

In comparison, number of such complaints stood at 12,536 in 2014-15 and 14,247 in 2013-14, respectively.

In a written reply to Rajya Sabha, Minister of State for Finance Arjun Ram Meghwal said the complaints received against listed companies in SCORES (Sebi Complaints Redress System) stood at 14,978 in last financial year.

“There is no clear trend in receipt of complaints. The increase seen in 2015-16 over 2014-15 is due to increase in the number of complaints received (3,573) regarding non-receipt of annual reports, which was just 138 and 224 in the years 2013-14 and 2014-15,” he added.

The number of pending investor grievances against listed companies at the end of March 2016 stood at 974 as against 373 a year ago and 256 at the end of March 2014.

SCORES provides a centralised database of all complaints, online movement of complaints to the concerned listed companies and online upload of action taken reports (ATRs) by the concerned firms.

It also helps investors view, track and follow up on the actions taken on their grievance.

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