Applicability of Consumer Protection Act on Capital Markets in Comparison with SEBI Scores
Posted: 16 Sep 2021
There are 2 versions of this paper
Applicability of Consumer Protection Act on Capital Markets in Comparison With SEBI SCORES
Date Written: April 16, 2020
Abstract
Investor plays very important role in the capital market, in fact the whole capital market revolves around the person called investor. This capital market streamlines the funds from savings of a person to a person who is in need. The person whose funds are streamlined is called investor while person utilising these streamlined funds are called companies. These investors in the capital market should be protected by law because if the investors are not investing in capital market, there is a huge effect on the economy of country as a result, there will slowdown in overall development of the country. To protect the interests of investor there is a mechanism called SCORES which communicates the grievances of investors to concern company through a common portal for companies and investors. There is another enactment called consumer protection act which protects the consumer from unfair practices of seller of good/ services. In this article I will try to explain whether investor can be called as consumer under consumer protection act and get his grievance redressed in the consumer forum, comparing with the SCORES.
Suggested Citation: Suggested Citation