Market regulator SEBI on Friday said it is not obliged to obtain information from stock exchanges for sharing it with the public under the Right to Information Act. “SEBI Act gives powers to SEBI to obtain information for certain purposes and not for obtaining such information from the exchange for the sole purpose of providing the same to the appellant,” said SEBI’s Appellate Authority formed under the RTI Act.
The appellate authority made these observations while dismissing an appeal by one Mamta Sahu who sought information from SEBI under the RTI Act about the grounds for delisting of 240 companies by BSE and also sought to know reasons for not delisting six companies.
After initial denial of information by Chief Public Information Officer (CPIO) of SEBI, Sahu filed an appeal with the Appellate
Authority and pleaded that SEBI Act gives enough powers to the regulator to obtain information from stock exchanges.
The order further said that “it is not in order for the appellant to keep on asking (for) the same information by filing another
application and then filing an appeal therein time and again”.