ICAI to help SEBI in tackling financial frauds
NEW DELHI, May 3: Chartered accountants’ apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds.
ICAI President Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial frauds.
The working group will submit a research paper to the Securities and Exchange Board of India (Sebi), Nanda told PTI.
Nanda had a meeting with Sebi Chairman Tuhin Kanta Pandey on Friday.
In recent years, there has been increased investments in the capital market, including from retail investors.
Also, there have been instances of financial misdoings and price rigging.
To protect investors’ interests and boost the financial markets, various efforts are being taken by regulators to sensitise the public and curb frauds.
ICAI has more than 4.35 lakh members and over 10 lakh students. (PTI)
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