April 4, 2014 9:22 AM

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SEBI revamps committee on disclosure and accounting standards

SEBI has revamped its committee on disclosures and accounting standards that advises the market regulator on matters related to disclosure requirements and accounting practices for various market participants. The 17-member expert panel is being chaired by Tata Sons' Director-Finance Ishaat Hussain, while other members include Wipro CFO and Executive Director Suresh Senapaty and NSE Managing Director & CEO Chitra Ramkrishna, Comptroller & Auditor General of India Director General AB K P Sasidharan and ICAI's S Santhanakrishnan. Moreover, the expert panel includes representatives from SEBI, finance ministry as well as corporate affairs ministry. The committee was set up in 2006, under the chairmanship of noted chartered accountant Y H Malegam. The expert committee was mandated to suggest ways to SEBI for improving disclosure framework for listed companies and accounting practices of various market entities.

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