Description

Appellate Authority order regarding RTI application concerning whistle blower complaint against NSE officials and alleged retaliation.

Summary

SEBI’s Appellate Authority issued an order on Appeal No. 6585 of 2025 filed by Nitin regarding an RTI application dated August 24, 2025. The appellant sought information about actions taken on his whistle blower complaint against NSE officials, including allegations of data manipulation, retaliatory transfer, and forced resignation. The CPIO responded by invoking exemptions under Section 8(1)(e) and 8(1)(j) of the RTI Act, citing confidentiality of examinations, fiduciary relationship, and privacy concerns.

Key Points

  • RTI application filed on August 24, 2025; CPIO responded on September 22, 2025
  • Appeal filed on October 05, 2025 (Reg. No. SEBIH/A/E/25/00268)
  • Appellant reported irregularities at NSE including alleged improper promotions and salary hikes during COVID-19
  • Complaint allegedly dismissed by NSE’s designated investigating officer by manipulating data
  • SEBI inspection conducted for quarter October-December 2022 cross-verified allegations
  • Appellant claims retaliatory transfer and forced resignation after 8-hour detention by NSE KMPs
  • CPIO invoked exemptions under Section 8(1)(e) (fiduciary relationship) and 8(1)(j) (personal information/privacy)
  • SEBI stated examinations are confidential and sensitive in nature

Regulatory Changes

No regulatory changes announced. This is an appellate order on an RTI matter.

Compliance Requirements

No compliance requirements for market participants. This order pertains to information disclosure under the RTI Act.

Important Dates

  • August 24, 2025: RTI application filed
  • September 22, 2025: CPIO response issued
  • October 05, 2025: Appeal filed
  • October-December 2022: SEBI inspection period referenced in complaint

Impact Assessment

This order has no direct market impact. It addresses an individual’s RTI appeal regarding whistle blower complaint procedures and information access. The matter involves internal processes for handling whistle blower complaints and the applicability of RTI Act exemptions for confidential examinations and personal information. No market participants, trading operations, or compliance frameworks are affected.

Impact Justification

Individual RTI appeal regarding whistle blower complaint procedures with no market-wide impact or regulatory changes