![]() If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.Īs a matter of policy, BBB does not endorse any product, service or business. BBB Business Profiles are subject to change at any time. The Companyâs segments include Retail and Wholesale. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.īBB Business Profiles generally cover a three-year reporting period. is a consumer-centric omnichannel retailer transforming the used car industry by leveraging its end-to-end e-commerce platform and retail locations to provide a technology-driven, hassle-free customer experience. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. We are also setting aside additional time for our senior community engagement specialist to focus on reviews in order to provide thorough and timely responses, as well as pursuing additional staffing support in this area.īBB Business Profiles may not be reproduced for sales or promotional purposes.īBB Business Profiles are provided solely to assist you in exercising your own best judgment. Other channels, such as email, will begin to see their impacts over the next few months. ![]() We have brought on additional staffing that are currently going through training steps, but they are already helping us to more quickly respond to our customers via phone channels. We continue to work towards improving our overall service level and response times. Significant reorganization of our operating structure resulted in an unfortunate backlog of customer inquiries and requests. In August of 2022, Shift underwent a reduction in workforce in order to better focus on our strengths as a company. Shift Technologies treats customer interactions and concerns as the utmost in importance, and we regret the recent trends that have surfaced in our reviews. BBB reached out to Shift Technologies and they responded with the following: Complainants also state delays in waiting for refunds. The pattern found is consumers get no response when contacting customer service to resolve issues. Based on BBB files the company has a pattern of complaints. A review of complaints was done in November 2022. “Merging sweat equity regulations with the ESOP regulations needs to be studied.”ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.Shift Technologies Inc. “These steps by Sebi bring the regulations closer to practical situations-for instance, flexibility to switch to trust route or vice versa during the plan period, allowing grants to employees of associate companies,” said Harshu Ghate, co-founder and managing director, ESOP Direct. ![]() The regulator also dispensed with the minimum vesting period and lock-in period for all share benefit schemes in the event of death or permanent incapacity of an employee. ![]() Sebi said such a change in route should be approved by the shareholders. The company has to decide on which one to use when implementing the scheme. Right now, there are two routes for administering employee stock option plans - direct or trust. The regulator has also provided companies flexibility to switch the administration of a stock option scheme from the trust route to the direct route and vice versa, if changes in market conditions so warrant. Currently, ESOPs can only be given by companies to permanent employees. The Sebi board also approved changes to ESOPs, allowing companies to provide these benefits to those exclusively working for them or their subsidiary companies. However, this will lead to better standards and benefit investors, though the higher costs will also be passed on to investors.” “This will increase the cost of setting up AIFs. This marked the shift to the Information Age, an economy based on information technology, and many new companies were founded. “Merchant bankers would want to review the PPM before filing it with Sebi, since they will be on the hook if any PPM contains a material misstatement which is evident on the face of it or can be uncovered by basic due diligence,” said Vinod Joseph, partner, Argus Partners. ET had reported on this move by Sebi in its July 27 edition. The regulator also said AIFs will have to file private placement memoranda (PPM) with it only through registered merchant bankers. ![]()
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