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IPO Scam :Why SEBI Hiding Authorised Officer Name Issuing IPO Observation Letters?

भ्रष्टाचार  किया  नहीं  तो  नाम क्यों छुपाते  है सेबी  अधिकारी? 


Mumbai: SEBI issue observation letter to each company but these observation letters are not part of RHP. The companies are hiding the observation letters issued by the SEBI violating SEBI ICDR Regulations . As per ICDR the observations must be complied before floating the IPO in market. As 2 PILs are pending at Bombay High Court challenging HDFC AMC and TCNS IPOs .

In many RTI reply the SEBI PIO provided copy of observation letters issued to various companies by deleting authorised signatory name and sign.
In this RTI reply also the PIO denying the authorised signatory name issuing observation letters to companies for IPO. The name has been become the secret document for SEBI. As per ICDR norms SEBI should publish all IPO's observation letters in website . It is also necessary as per section 4 of RTI act 2005. There is huge corruption in IPO issuance and Right Issue. Few Officers may have become billionaire  for ignoring violations therefore they are hiding names of authorised signatory . SEBI is hand in the gloves of corporate to cheat investors by giving false information.

Final Status of   SEBIH/R/2019/50355


Applicant NameSapan Shrivastava
Date of receipt06/05/2019
Request Filed WithSecurities and Exchange Board of India (SEBI), Head Office
Text of ApplicationSEBI issue observation letter in various IPOs . 
RTI question
Name of the various authorised officer or any with post issuing or signing Final Observation letter to various IPOs from Jan 2016-March 2019 with Period .
Request document (if any)
StatusREQUEST DISPOSED OF as on 04/06/2019
Date of Action04/06/2019
RemarksReply :- Pls find attached reply to your RTI
Reply Document

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