Description
RTI appeal regarding SEBI approval of Citigroup Global Markets India Private Limited equity trading plan dismissed due to queries seeking clarification rather than information.
Summary
SEBI’s Appellate Authority dismissed Appeal No. 6496 of 2025 filed by Arun Kumar Sarkar regarding an RTI application about Citigroup Global Markets India Private Limited’s equity trading plan. The appeal was rejected as the queries sought clarification/opinion rather than specific information as defined under the RTI Act.
Key Points
- Appellant filed RTI application on June 28, 2025 seeking information about SEBI approval of Citigroup’s equity trading plan
- SEBI responded on July 25, 2025 stating queries were not clear and specific, seeking clarification rather than information
- Appeal filed on July 25, 2025 (Reg. No. SEBIH/A/E/25/00188) was dismissed
- Appellate Authority concurred that queries cannot be construed as seeking ‘information’ under RTI Act Section 2(f)
Regulatory Changes
No regulatory changes introduced by this order.
Compliance Requirements
No new compliance requirements. Reaffirms that RTI applications must seek specific information, not clarifications or opinions.
Important Dates
- June 28, 2025: RTI application filed
- July 25, 2025: SEBI response and appeal filed
- Appeal decision date not specified in document
Impact Assessment
Minimal impact - this is an administrative RTI matter with no direct market implications. Clarifies RTI application requirements for future reference.
Impact Justification
Administrative RTI appeal with no market impact or regulatory changes