Description
SEBI Appellate Authority order on RTI appeal regarding authorization for Show Cause Notice issuance and officer designation details.
Summary
The SEBI Appellate Authority decided on Appeal No. 6552 of 2025 filed by Dipakbhai Jashvantlal Panchal under the Right to Information Act, 2005. The appeal concerned an RTI application dated July 25, 2025 seeking information about authorization for Show Cause Notice issuance, designation of authorizing officers, and grade levels for Officers on Special Duty. The appellant filed two appeals - one on September 03, 2025 and another on September 10, 2025 - regarding delay in response and dissatisfaction with the reply received.
Key Points
- RTI application filed on July 25, 2025 (received by SEBI on July 28, 2025)
- Appellant sought information about authority letter for Show Cause Notice issued by Shri S. Ramann
- CPIO responded on August 26, 2025, uploaded on RTI portal the same date
- Appellant claimed delayed receipt (September 06, 2025) due to postal delay and technical issues with RTI portal
- Appellate Authority ruled that delay in receipt through post or technical glitch cannot be ascribed to the respondent
- CPIO clarified that at relevant time, Whole Time Member (WTM) was competent authority for approving SCN and Chief General Manager (CGM) was SCN issuing authority
- Shri S. Ramann, as Officer on Special Duty, held the position of CGM
- Deputation of officers to SEBI governed by SEBI (Employees Service) Regulations, 2021
Regulatory Changes
No regulatory changes introduced. This is an administrative order addressing an RTI appeal regarding information disclosure about internal authorization procedures.
Compliance Requirements
No new compliance requirements. The order pertains to RTI Act compliance by SEBI’s Central Public Information Officer (CPIO) in responding to information requests.
Important Dates
- July 25, 2025: RTI application filed
- July 28, 2025: Application received by SEBI
- August 26, 2025: CPIO’s response dated and uploaded on RTI portal
- September 03, 2025: First appeal filed
- September 04, 2025: Response dispatched by post
- September 06, 2025: Response received by appellant
- September 09, 2025: First appeal received by Appellate Authority
- September 10, 2025: Second appeal filed
- September 15, 2025: Second appeal received by Appellate Authority
- October 08, 2025: Order date
Impact Assessment
This administrative order has no direct impact on markets, trading operations, or listed entities. It addresses procedural matters related to RTI Act compliance and internal authorization protocols for Show Cause Notice issuance. The order clarifies that delegation of powers information is publicly available on SEBI’s website and that any delay in information receipt due to postal services or technical issues cannot be attributed to SEBI. The matter is purely administrative with no implications for market participants or investors.
Impact Justification
Administrative RTI appeal regarding procedural matters and officer authorization. No market impact or regulatory changes affecting trading or listed entities.