SEBI has a public interest Disclosure and Protection of Informers (PIDPI) resolution through which whistleblowers can complain while protecting their identity.
Speaking at a conference by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on whistleblower policy, Yatri Dave Vitekar stated that, SEBI has received over 30,000 complaints from whistleblowers.
“Whistleblowers are the ears and eyes of any organization and that is what the policy is meant to empower and grant. But if we continue to misuse this policy with frivolous and mischievous complaints, then we are blunting it,” she said.
She added that many of the emails received by the regulator are motivated complaints that seek to settle personal scores.