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NISM Certifications · NISM-Series-X-A: Investment Adviser (Level 1) · Grievance Redress Mechanism

Which of the following is generally NOT a complaint that an investor can pursue through the securities-market grievance mechanism?

A dispute over family property partition is not covered, because it is a civil matter unrelated to securities services. Non-receipt of dividends or bonus shares, unauthorised trades by a broker and delays by a depository participant all fall within the securities-market grievance mechanism.

  1. ANon-receipt of dividend or bonus shares from a listed company
  2. BUnauthorised trades in a demat or trading account by a broker
  3. CA dispute over a family property partition among relativesCorrect
  4. DDelay by a depository participant in processing a transfer request

Explanation

Securities-market grievance mechanisms cover disputes with listed companies and registered intermediaries over securities matters. A family property partition is a civil matter outside SEBI's grievance scope, whereas the other three involve securities-related services.

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