Sebi Complaints Redress System (SCORES), which registers and tracks investor complaints against listed entities or intermediaries, is a web-based and centralised grievance system developed by the markets watchdog.
In a notice, the regulator has invited applications "in prescribed format for pre-qualification of agencies for processing and maintenance of records of investor complaints received at Sebi".
The scope of the work also includes despatching complaints to intermediaries or companies as well as mail acknowledgment letters to investors.
Besides, the selected agency will be responsible for proper storage facility of the complaints received and the ATR for 2 years and any other work related to investor awareness and education as well as investor grievance redressal.
Spelling out the eligibility criteria, Sebi said the agency should have an expertise in the field of handling registrar and transfer activities or depository services or have an experience of handling investor matters. The agency should have provided similar services to public sector undertakings, public sector banks, financial institutions and listed companies, among others.
The annual average turnover of the contractor should be at least Rs 50 lakh during the previous three years and should not have incurred any loss in two consecutive years during the past five years ended March 2019.
Interested agencies can submit their application till December 3, the regulator said.
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