SEBI defines personal data under FADP in disclosure dispute
In short
SEBI said “personal data” under the FADP means information about an identified or identifiable natural person. The issue came up because listed companies could try to use private confidentiality deals to avoid disclosure rules.
The report says that would hurt transparency in the securities market. It does not name a company or say whether any penalty or ruling was issued.
What the reporting says
SEBI said “personal data” under the FADP means information relating to an identified or identifiable natural person, according to the headline and summary. The publisher summary says the concern is that listed companies could try to bypass disclosure rules by using private confidentiality agreements, which would weaken market transparency. The available reporting does not state a specific order, penalty, or company involved.
Why it matters
SEBI’s interpretation of “personal data” under the FADP is tied to disclosure obligations for listed companies, according to the available summary. The reporting warns that confidentiality agreements should not be used to bypass market disclosure requirements, because that would weaken transparency. No specific enforcement action, listed company, or legal outcome is stated, so the immediate market impact is limited to compliance expectations.