I suspect insider trading by officers of a listed company whose registered office is in Purnia; how do I file a SEBI complaint and what evidence is required?
AN Asked by Anjali Gupta from India
Quick Answer
You may file a complaint with the Securities and Exchange Board of India (SEBI) through its SCORES portal or by letter, detailing the suspected insider trading activity, the securities involved, the individuals suspected, and supporting evidence such as trade records or communications.
Detailed Legal Analysis
You may file a complaint with the Securities and Exchange Board of India (SEBI) through its SCORES portal or by letter, detailing the suspected insider trading activity, the securities involved, the individuals suspected, and supporting evidence such as trade records or communications. SEBI has powers under the SEBI Act, 1992 and the SEBI (Prohibition of Insider Trading) Regulations, 2015, to investigate and adjudicate such matters.
The complaint should be filed at the earliest, as SEBI may initiate a preliminary investigation upon receipt. You may also consider approaching the Patna High Court for directions to SEBI if no action is taken.
The Bihar Rent Control Act 2017 on evidence and documentation may be relevant to the admissibility of your complaint. SEBI may impose penalties, debar individuals, or refer the matter for criminal prosecution if violations are established.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.