Securities and Exchange Board of India

The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

Nature

Government agency

Basic Functions

●Protect the interests of securities investors

●Promote the development of the securities market

●Regulate the securities market and related or incidental matters.

The SEBI does not regulate foreign exchange.

Generally speaking, SEBI-regulated broker profile will be found at the Processing Application Status page on SEBI's official website. Try to find it and check if it will match the info from the broker' s website.

The detailed steps are as below:

1. Enter the SEBI' s official website https://www.sebi.gov.in/, click into the Processing Application Status page from "STATUS" on the main menu;

2. Select the corresponding category of the financial company from the lists of this page, then click into it to check detailed information;

When you have disputes with a SEBI-regulated broker, you can proceed the following ways:

1st way: The recommended way is to contact the broker directly and negotiate a solution to the disputes. 

You are required to submit the after action report to the broker within one month. 

2nd way: If you are not satisfied with the broker's reply, you can lodge a free complaint with the SEBI. 

Complaints are made through SEBI's special complaint compensation system SCORES. Its website is https://scores.gov.in/scores/; registration is required before complaints.

There are two channels to complain:

(1) Submit a complaint to the SEBI online.

Online complaint address: https://scores.gov.in/scores/userRegistration.html

(2) Submit a complaint to the SEBI by post.

Postal address: 

                Plot No. C4-A,'G' Block

                Bandra-Kurla Complex, Bandra (East),

                Mumbai-400051, Maharashtra, India

or any address on https://www.sebi.gov.in/contact-us.html.

SCORES's assistance telephone: 1800 266 7575/1800 22 7575

If you are not satisfied with the result, another opportulity to file a complaint is valid within 15 days after you receive the SEBI' s reply.

3rd way: If the 2 ways above can't solve the dispute, the last way is to issue a case to the court in India.