I suspect insider trading by officers of a listed company whose registered office is in Siliguri; 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 Siliguri, you can approach the Securities and Exchange Board of India (SEBI) using their online complaint system or by submitting a written complaint. Insider trading is governed under the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Here are the steps to file a SEBI complaint:

• Gather Evidence: Compile all relevant documents and evidence that support your suspicion of insider trading. This may include:
• Trade history of the officers in question.
• Documents indicating non-public information that was likely misused.
• Emails, messages, or other communications that suggest insider knowledge.
• Any public announcements or disclosures that contradict the timing of trades.
• Visit SEBI’s Official Website: Go to the SEBI website (www.sebi.gov.in) and navigate to the 'Investor' section.
• Access the Complaint Registration System: Use the 'SCORES' (SEBI Complaints Redress System) platform, where you can register your complaint online.
• Fill in the Complaint Form: Provide detailed information in the complaint form including:
• Your contact details and identity.
• Name and address of the company involved.
• Description of the nature of the insider trading suspicion.
• Details of the officers involved.
• Any evidence you have gathered.
• Submit the Complaint: After filling out the form, submit your complaint through the SCORES system, or alternatively, send a written complaint to SEBI’s regional office.
• Follow-up: You will receive a unique complaint registration number. Use this number to track the status of your complaint. SEBI may reach out for further information or clarification.

It’s important to note that under Section 15G of the Securities and Exchange Board of India Act, 1992, insider trading can attract penalties, and whistleblowers are protected under the provisions of the Whistleblower Policy of SEBI. Ensure that you provide accurate and comprehensive information to facilitate the investigation.