Streamlining issuance of SCORES Authentication
Streamlining issuance of scores Authentication for companies intending to list their securities on SEBI recognized stock exchanges
- Please refer to SEBI Circular No. CIR/OIAE/1/2014 dated December 18, 2014 where-in SEBI had directed all listed companies and SEBI registered intermediaries (excluding Stock Brokers and Depository Participants) to send their details as per Form-A and Form-B respectively, annexed to the said Circular, to SEBI in hard copyand by email to [email protected] order to obtain SCORES user id and password for redressing investor grievances on SCORES.
- In partial modification to the above circular, a circular dated August 02, 2019 was issued,automating the generation of SCORES credentials for all new SEBI registered intermediaries (except brokers and depositories) andtherebydispensing withthe requirement of sending Form-B to SEBI.
- It has now been decided tointroduce anonline mechanism for obtaining SCORES credentials for all “companies intending to list their securities on SEBI recognized stock exchanges”. The online form can be accessed on the SCORES website www.scores.gov.in. This has been done as part of SEBI’s green initiative and to streamline the redressalofinvestor grievances against companies before listing.
- Companiesshall attach a declaration,with the online form, on the letter head of the company signed by the Compliance Officer, as under
a.Companies intending to list on Main Board: A Declaration that the DRHP has been submitted with SEBI.
b.Companies intending to list on SME/Debt Platform of stock exchange: A Declaration that an application to list its securities has been submitted with the stock exchange/in-principal approval to list its securities has been obtained from the stock exchange. - The SCORES credentials shall be sent to the e-mail id of the Compliance Officer/Dealing Officeras providedin the online form.
- In view of the same, companiesare no longer required to submit physical copy of Form-A or e-mail the same to SEBI, as provided in Circular No. CIR/OIAE/1/2014 dated December 18, 2014.
- An Instructiondocument has been provided with the Online Form. Companies are encouraged to go through the Instruction document before filling upand submitting the online form.
- This Circular is issued in exercise of powers conferred under Section11(1) ofthe Securities and Exchange Board of India Act, 1992 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. designated.
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