Description
RTI appeal dismissed as time-barred regarding complaint against unauthorized investment advisory services on Instagram handle @financetalkwithrishabh.
Summary
SEBI’s Appellate Authority dismissed Appeal No. 6543 of 2025 filed by Rishab Gupta as time-barred. The appeal was filed on September 03, 2025, beyond the 30-day statutory period from the CPIO’s response dated June 25, 2025. The original RTI application dated June 06, 2025 sought information about the status of a complaint filed against an Instagram handle @financetalkwithrishabh for allegedly providing unauthorized investment advisory services in violation of SEBI Investment Advisers Regulations, 2013.
Key Points
- RTI application filed on June 06, 2025 seeking status of complaint against alleged unauthorized investment adviser
- CPIO responded on June 25, 2025 stating matter is under examination
- First appeal filed on September 03, 2025, beyond the statutory 30-day period
- Appeal dismissed as time-barred under Section 19(1) of RTI Act, 2005
- No request for condonation of delay or valid reasons provided by appellant
- Original complaint filed through SCORES with ID: rishab1111
Regulatory Changes
No regulatory changes introduced. This is a procedural order on an RTI appeal.
Compliance Requirements
No new compliance requirements. The order serves as a reminder that RTI first appeals must be filed within 30 days from receipt of CPIO response under Section 19(1) of RTI Act, 2005.
Important Dates
- June 06, 2025: RTI application filed
- June 25, 2025: CPIO response date
- July 25, 2025 (approx): Last date for filing first appeal
- September 03, 2025: First appeal actually filed (time-barred)
Impact Assessment
This order has no market impact and affects only the individual appellant. It is a procedural dismissal of an RTI appeal on limitation grounds. The underlying complaint regarding unauthorized investment advisory services remains under examination by SEBI, with any regulatory action to be made public on SEBI’s website in due course.
Impact Justification
Individual RTI appeal dismissed on procedural grounds with no market-wide impact or regulatory changes