The Securities and Exchange Board of India on 16th December 2021, has directed the Merchant bankers to Publish Investor Charter and Disclosure of Investor Complaints on their Websites.
All registered Merchant Bankers are advised to disclose on their websites, the Investor Charter for private placement of units by InvITs proposed to be listed and shall disclose on their respective websites, the data on complaints received against them or against issues dealt by them and redressal thereof, latest by 7th of succeeding month.
The Charter notifies various services provided for investors, and the timeline for each activity, the rights of investor and the timeline for resolution of investor grievances in a public issue etc.
