Description
RTI appeal regarding disclosure of transaction details by NSDL depository and financial statements from stock broker Unlock Wealth Securities Limited for period 1999-2007.
Summary
SEBI’s Appellate Authority decided on Appeal No. 6565 of 2025 filed by Rameshwar Dayal Agrawal and Shobha Agarwal under the Right to Information Act, 2005. The appellants sought information about transaction details that depositories must provide to clients, copies of SEBI regulations issued to NSDL, and status of their complaint regarding financial statements from their stock broker Unlock Wealth Securities Limited (now Padam Towers Securities Limited) for the period 1999-2007. The Appellate Authority found no deficiency in CPIO’s response for most queries.
Key Points
- RTI application filed on July 25, 2025 (received August 01, 2025) with response dated August 29, 2025
- Appeal filed September 09, 2025 (received by Appellate Authority on September 17, 2025)
- Appellants hold demat accounts with NSDL and trading accounts with Unlock Wealth Securities Limited
- CPIO referred appellants to Master Circular for Depositories dated December 03, 2024 (Annexure-3) for Rights and Obligations of Beneficial Owners and Depository Participants
- Complaint regarding financial statements was registered in SCORES portal with acknowledgement sent to appellants’ email
- Complaint was not escalated to SEBI for review within stipulated timeframe
- Query regarding stock broker’s obligation to maintain records from 1999-2007 was treated as seeking clarification/opinion
Regulatory Changes
No new regulatory changes introduced. This is an RTI appeal decision addressing information disclosure under existing regulations.
Compliance Requirements
No new compliance requirements. The decision references existing Master Circular for Depositories dated December 03, 2024 which outlines Rights and Obligations of Beneficial Owners and Depository Participants.
Important Dates
- July 25, 2025: RTI application filed by appellants
- August 01, 2025: Application received by SEBI
- August 29, 2025: CPIO response issued
- September 09, 2025: Appeal filed
- September 17, 2025: Appeal received by Appellate Authority
- October 10, 2025: Order date
Impact Assessment
Minimal market impact. This is an individual RTI appeal concerning specific information requests about depository transaction details and historical broker records. The decision affirms that investors can access information about their rights and obligations through SEBI’s Master Circular for Depositories and can track complaint status through the SCORES portal. No broader implications for market participants or regulatory framework changes.
Impact Justification
Individual RTI appeal concerning information disclosure by depository and broker. No market-wide regulatory changes or broader implications.