Description

RTI appeal by Ajay Basudev Bose seeking information on frauds by depositers, brokers, and sub-brokers, and illegal offline trading in delisted companies. The Appellate Authority upheld the respondent's denial, finding the queries seek confirmation/opinion rather than 'information' under Section 2(f) of the RTI Act.

Summary

This is an order by the Appellate Authority under the Right to Information Act, 2005, concerning Appeal No. 6748 of 2026 filed by Ajay Basudev Bose against CPIO, SEBI, Mumbai. The appellant sought information regarding frauds by depositers, brokers, and sub-brokers, as well as illegal offline trading in delisted companies. The Appellate Authority upheld the CPIO’s response, finding the queries seek clarification/opinion rather than ‘information’ as defined under Section 2(f) of the RTI Act.

Key Points

  • Appellant filed an RTI application originally with the Department of Economic Affairs, which was transferred to SEBI on January 16, 2026
  • SEBI’s CPIO responded on February 05, 2026, stating the queries seek clarification/opinion and cannot be construed as ‘information’ under Section 2(f) of the RTI Act
  • Appellant filed appeal (Reg. No. SEBIH/A/E/26/00066) on February 10, 2026, on grounds of being refused access to requested information
  • The Appellate Authority agreed with the CPIO’s position, referencing the CIC order in Azad Singh vs. CPIO, Oriental Insurance Company Limited (March 23, 2021)
  • SEBI noted that details of all enforcement actions are available on the SEBI website in the public domain

Regulatory Changes

No regulatory changes. This is a procedural RTI appeal order.

Compliance Requirements

No new compliance requirements arising from this order. The order reaffirms that queries seeking confirmation or opinion from a public authority do not qualify as requests for ‘information’ under Section 2(f) of the RTI Act.

Important Dates

  • January 16, 2026: RTI application transferred to SEBI from Department of Economic Affairs
  • February 05, 2026: CPIO, SEBI responded to the RTI application
  • February 10, 2026: Appellant filed appeal (Reg. No. SEBIH/A/E/26/00066)

Impact Assessment

This order has no direct market or operational impact. It is a routine RTI appellate proceeding confirming that requests seeking statistical analysis, confirmation, or opinion on regulatory enforcement activity do not constitute valid RTI information requests under Section 2(f) of the RTI Act. No entities are required to take any action as a result of this order.

Impact Justification

Procedural RTI appeal order with no regulatory changes or market-wide compliance requirements; limited to individual appellant's information request being dismissed.