Notice No.   20200804-37   Notice Date   04 Aug 2020
Category   Circulars Listed Companies   Segment   Equity
Subject   Grievance Resolution between listed entities and proxy advisers.
Attachments   Grievance Resolution- 03082020.pdf ;

Ref. LIST/COMP/43/2020-21


Securities and Exchange Board of India (SEBI) has issued circular No. SEBI/HO/CFD/CMD1/CIR/P /2020/119 dated August 4, 2020, regarding grievance resolution between listed entities and proxy advisers.


In order to facilitate resolution of grievances of listed entities against SEBI registered proxy advisors, the listed entities may approach SEBI. SEBI will examine the matter for non-compliance by proxy advisors with the provisions of the Code of Conduct under regulation 24(2) read with regulation 23(1) of the SEBI (Research Analyst) Regulations, 2014 and the procedural guidelines for proxy advisors issued vide SEBI circular no. SEBI/HO/IMD/DF1/CIR/P/2020/147 dated August 03, 2020.


The provisions of this Circular shall be applicable with effect from September 01, 2020.


The aforesaid circular is enclosed for reference.


Listed Companies are requested to take note and comply accordingly. 



Abhijit Pai 
Dy. General Manager

Listing Compliance 


Shyam Bhagirath


Listing Compliance


August 4, 2020