Description
SEBI appellate authority order rejecting RTI appeal seeking information about Titan Capital Market's registration status and regulatory compliance.
Summary
SEBI’s Appellate Authority rejected Appeal No. 6478 of 2025 filed by Sathya Prakash S regarding an RTI application seeking information about “Titan Capital Market’s” registration status with SEBI. The authority upheld CPIO’s response that the queries sought clarification/opinion rather than information under the RTI Act.
Key Points
- RTI application filed on June 23, 2025 seeking information about Titan Capital Market’s SEBI registration
- CPIO responded on July 09, 2025 stating queries were seeking clarification/opinion, not information
- Appeal filed on July 09, 2025 claiming incomplete/misleading information was provided
- Appellate Authority confirmed queries cannot be construed as seeking ‘information’ under RTI Act Section 2(f)
- CPIO directed appellant to check SEBI website for registered intermediaries list
Regulatory Changes
No regulatory changes introduced by this order.
Compliance Requirements
- RTI applications must seek specific information rather than clarification or opinion
- Entities can verify SEBI registration status through official SEBI website
- Complaints regarding unauthorized activities can be lodged through SCORES portal
Important Dates
- June 23, 2025: RTI application filed
- July 09, 2025: CPIO response provided
- July 09, 2025: Appeal filed (Reg. No. SEBIH/A/E/25/00174)
Impact Assessment
This order has minimal market impact as it deals with RTI procedure clarification. It reinforces that RTI Act cannot be used to seek regulatory opinions or clarifications from SEBI, and directs public to use appropriate channels for verification of entity registration status.
Impact Justification
Administrative RTI appeal with no market impact or regulatory changes