Description
RTI appeal dismissed regarding complaint about illegal Dabba Trading. CPIO had forwarded complaint to SLCC as entity not registered with SEBI.
Summary
The Appellate Authority under the Right to Information Act, 2005 dismissed Appeal No. 6618 of 2025 filed by Ankur Singh against the CPIO, SEBI Mumbai. The appellant had filed an RTI application on August 25, 2025 seeking information about action taken on his complaint regarding illegal Dabba Trading involving losses exceeding Rs. 90 crores. The CPIO responded that the complaint was forwarded to the Convener, SLCC on September 8, 2025 as the entity was not registered with SEBI. The Appellate Authority upheld the CPIO’s response and found no deficiency in information provided.
Key Points
- RTI application filed by Ankur Singh on August 25, 2025 (received August 26, 2025)
- Complaint related to illegal Dabba Trading causing losses exceeding Rs. 90 crores
- CPIO responded on September 18, 2025 that complaint was forwarded to SLCC vide letter dated September 8, 2025
- Entity mentioned in complaint was not registered with SEBI
- Second query seeking details of higher authorities deemed hypothetical in nature
- CPIO provided guidance on vigilance portal for lodging complaints against SEBI employees
- Appeal filed on November 17, 2025 dismissed on December 10, 2025
- Appellate Authority cited CIC precedent (V R Srinivasan vs. CPIO, SEBI) regarding hypothetical queries
Regulatory Changes
No regulatory changes introduced. This is an administrative order disposing of an RTI appeal.
Compliance Requirements
No new compliance requirements. The order clarifies that:
- Complaints regarding unregistered entities are forwarded to State Level Coordination Committee (SLCC)
- Complaints about SEBI employee misconduct should be lodged on the vigilance department portal available on SEBI website
- RTI applications cannot seek hypothetical information as defined under Section 2(f) of RTI Act
Important Dates
- August 25, 2025: RTI application dated
- August 26, 2025: RTI application received by SEBI
- September 8, 2025: Complaint forwarded to SLCC Convener
- September 18, 2025: CPIO response provided
- November 17, 2025: Appeal received by Appellate Authority
- December 10, 2025: Appeal dismissed
Impact Assessment
Minimal market impact. This is a procedural RTI appeal order that does not affect market operations, trading regulations, or compliance requirements for market participants. It provides clarity on SEBI’s internal complaint handling procedures for matters involving unregistered entities and reiterates established RTI Act principles regarding the scope of information requests. The dismissal of the appeal upholds standard administrative processes.
Impact Justification
Administrative RTI appeal with no market-wide regulatory impact. Relates to individual complaint handling procedures.