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<h1>SEBI Launches SCORES: A Centralized Online System for Managing Investor Grievances Against Depository Participants with Penalties for Delays.</h1> The SEBI circular introduces the centralized web-based system, SCORES, for handling investor grievances against Depository Participants (DPs). This system allows for a centralized database, online complaint movement, action report uploads, and tracking by investors. DPs must address grievances within a month, failing which they face penalties. Depositories are tasked with ensuring compliance, updating complaint statuses, and implementing penalties for non-compliance. They must also amend regulations, monitor compliance through audits, and promote SCORES usage. This initiative aims to protect investors and enhance the securities market, effective immediately as per the circular's issuance.