Advertisement

HindustanTimes Tue,02 Sep 2014

SEBI rejigs committee on disclosure, accounting standards

PTI  New Delhi, December 16, 2012
First Published: 22:43 IST(16/12/2012) | Last Updated: 22:44 IST(16/12/2012)

Capital markets regulator, the Securities and Exchange Board of India (SEBI), has revamped its expert committee on disclosure and accounting standards, which is mandated to suggest ways for improving disclosure framework for listed companies and accounting practices of various market entities.

Advertisement

The SEBI Committee on Disclosures and Accounting Standards (SCODA) was originally set up in 2006 under the chairmanship of noted chartered accountant YH Malegam.

The 17-member panel is now chaired by Tata Sons’ director-finance Ishaat Hussain, while members include NSE chief Ravi Narain, HDFC AMC managing director Milind Barve, Bombay Shareholders’ Association’s AK Bakliwal and IT major Wipro's CFO and executive director Suresh Senapathy.

One of the major terms of reference of this committee is to advise SEBI on issues related to disclosure requirements in the offer documents, application forms, advertisements and other mode of mass communication by the issuers. Besides, the SCODA also advises SEBI on issues related to the continuous disclosure requirements pertaining to listing of equity or debt of an issuer and on matters related to disclosure requirements of various market intermediaries.


Advertisement
more from Banking

CCEA gives nod for IDFs to take over bank loans

In a move that could boost the cash-starved infrastruc­ture sector, the Cabinet Committee on Economic Affairs on Tuesday gave its clearance for infrastructure debt funds (IDFs) to take over existing bank loans.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved