Description

RTI appeal regarding SEBI letter to Delhi Chief Minister Office and TCS-E Serve amalgamation documents.

Summary

SEBI’s Appellate Authority ruled on Appeal No. 6483 of 2025 filed by Dhanraj Bagrecha regarding an RTI application seeking documents related to SEBI’s communication with Delhi Chief Minister Office and TCS-E Serve amalgamation with TCS Limited.

Key Points

  • Appellant filed RTI application on May 21, 2025 seeking three specific documents
  • SEBI responded on June 18, 2025 with partial information and denials
  • Appeal filed on July 8, 2025 challenging SEBI’s response
  • Appellate Authority found SEBI’s response adequate for queries 1 and 2

RTI Queries and Responses

Query 1: Copy of SEBI letter dated 08/11/2021 to Delhi Chief Minister Office

  • SEBI Response: Letter already shared with appellant previously
  • Authority Finding: Information already possessed by applicant can be denied

Query 2: Copy of court approved scheme of amalgamation of TCS-E Serve Ltd with TCS Limited

  • SEBI Response: Information not maintained by SEBI in normal course of regulation
  • Authority Finding: SEBI can only provide information available in its records

Query 3: Copy of submission made by TCS Management based on the letter

  • SEBI Response: Query unclear and seeking clarification, not “Information” under RTI Act
  • Authority Finding: Matter appears to be continuing for further consideration
  • Central Information Commission decision in Shri S.P. Goyal vs. Shri Pragati Kumar & Ors. (January 24, 2008)
  • Supreme Court of India in Central Board of Secondary [document appears incomplete]

Important Dates

  • May 21, 2025: RTI application filed
  • May 24, 2025: Application received by SEBI
  • June 18, 2025: SEBI response provided
  • July 8, 2025: Appeal filed
  • July 11, 2025: Appeal received by Appellate Authority

Impact Assessment

Minimal market impact as this is a procedural matter regarding information disclosure under RTI Act. The case establishes precedent for RTI information requests related to regulatory communications and corporate restructuring documents.

Impact Justification

Procedural RTI appeal with limited market impact, mainly regarding information disclosure protocols