CIC allows disclosure of Sebi chairman’s assets

New Delhi.  The Central Information Commission ( CIC) has directed the Securities and Exchange Board of India ( Sebi) to reveal the details of assets and liabilities of its chairman, UK Sinha, within four weeks.  It has also sought the regulator declare Sinha’s total emoluments.
 
A Sebi spokesperson said the regulator would appeal against the order.
Overturning its 2012 decision, the commission found an appeal in this regard to be a“ fit case, where the requested information should be disclosed November 28, a CIC Bench said, “We are inclined to allow the disclosure of the requested information. The respondent is directed to provide the information 2( a) and ( b) above to the appellant within four weeks from the date of receipt of this order.
The appeal is allowed.” The appeal, by Bengaluru based advocate Arun Agrawal, challenged the Sebi central public information officer ( CPIO)’ s decision to reject an RTI application seeking details of “ the assets and liabilities statement of UK Sinha, chairman of Sebi, for the last three years or for the period declared by cases of appeals filed by Arun Kumar Agrawal,
 
 
 CIC, in its earlier common order dated November 6, 2012, inter alia, held ‘ the information regarding the assets and liabilities of the Sebi chairman is clearly in the nature of personal information, exempt under subsection 1( j) of section 8 of the RTI Act’. We do not agree with the submissions of the appellant that greater public interest will warrant the disclosure of such information and would, therefore, not like to direct the CPIO to disclose any The statement added, “ On an expressing any views on the November 29, 2014, reversed its to the Sebi chairman, the CIC