I suspect insider trading by officers of a listed company whose registered office is in Rohtak; 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 and provide necessary evidence to support your claim.

Here are the steps to file a SEBI complaint:

• Gather Evidence: Collect all relevant documentation and information that supports your suspicion of insider trading. This may include:
  • Emails or communications that indicate sharing of non-public information.
  • Trade records showing timing and volume of trades made by the suspected individuals.
  • Any public statements or disclosures that contradict the trading activity.
  • Witness statements, if available.
• Visit the SEBI Website: Go to the official SEBI website (www.sebi.gov.in).
• Access the Complaint Section: Navigate to the 'Investor' section and look for the 'Complaint' option where you can find the online complaint registration form.
• Fill in the Complaint Form: Provide comprehensive details in the complaint form including:
  • Your personal information (name, contact details, etc.).
  • Details of the listed company (name, registered office in Rohtak, etc.).
  • Description of the insider trading activities you suspect.
• Submit Supporting Documents: Attach copies of the evidence you’ve gathered to substantiate your claims.
• Submit the Complaint: After reviewing all the information, submit the complaint either online or through a physical submission to the SEBI office.

Under the Securities and Exchange Board of India Act, 1992, specifically Section 12A, insider trading is defined and prohibited. Additionally, the SEBI (Prohibition of Insider Trading) Regulations, 2015 outline the legal framework and penalties associated with insider trading activities. It is crucial that your complaint is supported by credible evidence as SEBI will require substantial proof before they can take action against the alleged offenders.

Lastly, you can also approach the local SEBI office in your area if you prefer to file your complaint in person, or seek assistance from legal professionals who specialize in securities law for further guidance.