I suspect insider trading by officers of a listed company whose registered office is in Jodhpur; 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 in Jodhpur, you need to follow the procedures established by the Securities and Exchange Board of India (SEBI) under the Securities and Exchange Board of India Act, 1992.

Here are the steps to file a SEBI complaint:

• Gather Evidence: Collect all relevant documents and evidence that support your suspicion of insider trading. This may include:
  • Emails or communications from the officers involved.
  • Trading statements showing unusual trading activity.
  • Public announcements or disclosures made by the company that coincide with suspicious trading.
  • Details of any non-public information that could have influenced trading decisions.
• Access the SEBI Complaints Redress System (SCORES): Visit the official SEBI website and navigate to the SCORES portal.
  • URL: scores.sebi.gov.in
  • Create an account if you do not have one.
• File a Complaint: Once you are logged in:
  • Select the option to file a complaint.
  • Fill out the necessary details about the complaint, including:
    • Your contact information.
    • Details of the company and the officers involved.
    • A clear description of the alleged insider trading.
  • Attach the gathered evidence to support your claim.
• Follow Up: After submission, keep track of the complaint status on the SCORES portal using the acknowledgment number provided.

Legal provisions relevant to insider trading are primarily found in the:

• Securities and Exchange Board of India Act, 1992 - Defines insider trading and empowers SEBI to take action.
• SEBI (Prohibition of Insider Trading) Regulations, 2015 - Lays down the framework regarding insider trading, including penalties for violations.
• Section 15G of the SEBI Act - Provides for penalties for insider trading violations.

Your complaint will be thoroughly investigated by SEBI, and appropriate actions will be taken as per the findings. Make sure to maintain confidentiality and provide truthful information to support your complaint.