SEBI's Appellate Authority disposed of an RTI appeal concerning ArthVeda Star Fund, remanding two queries for fresh consideration.
The Authority upheld SEBI's denial of most information, citing fiduciary capacity, commercial confidence, and non-availability of records.
The appellant sought extensive details on the fund's registration, operations, liquidation, and regulatory actions, most of which were not disclosed.
The order clarifies that liquidation and dissolution periods are not applicable to funds registered under the SEBI (Venture Capital Fund) Regulations, 1996.