I suspect insider trading by officers of a listed company whose registered office is in Karnal; how do I file a SEBI complaint and what evidence is required?

Detailed Legal Analysis

To file a complaint regarding suspected insider trading by officers of a listed company with the Securities and Exchange Board of India (SEBI), you can follow a structured process outlined by SEBI's regulations.

Insider trading is governed under the SEBI (Prohibition of Insider Trading) Regulations, 2015, particularly under Section 12A of the Securities and Exchange Board of India Act, 1992. Here are the steps to file a complaint:

• Gather Evidence: Collect all relevant evidence that supports your suspicion. This may include:
  • Emails or messages indicating insider information.
  • Transaction records showing unusual trading activities.
  • Documents or communications from company officers.
  • Any public announcements that may contradict private communications.
• Draft the Complaint: Clearly outline the details of your complaint, including:
  • Your contact details (name, address, phone number, email).
  • Name of the company and its officers involved.
  • A detailed description of your concerns with specific instances.
  • Reference to the evidence collected.
• Submit the Complaint: You can file the complaint through:
  • The SEBI website: Visit the SEBI Complaints Redress System (SCORES) portal at https://scores.gov.in. You will need to register and then submit your complaint.
  • Email: You may also email your complaint to SEBI at investor@sebi.gov.in.
  • Physical Submission: Alternatively, you can send a hard copy of your complaint to the SEBI office, mentioning “Insider Trading Complaint” on the envelope.
• Follow Up: After submission, you can track the status of your complaint through the SCORES portal. Keep a record of any reference number provided.

By following these steps, you can effectively report suspected insider trading to SEBI. It is important to ensure that all submitted information is accurate and truthful, as providing false information could lead to legal consequences under the provisions of the SEBI Act.