Sebi has re-organised its committee which advices the regulator on issues related to disclosure requirements and accounting practises for various entities in the securities market. The 17-member Committee on Disclosures and Accounting Standards will continue to be chaired by Tata Sons' Director (Finance) Ishaat Hussain.
Other members on the panel include Wipro CFO and Executive Director Suresh Senapaty, NSE Managing Director and CEO Chitra Ramkrishna, Comptroller and Auditor General of India (CAG) Director General AB K P Sasidharan and ICAI's S Santhanakrishnan. The expert panel also includes representatives from Sebi, Finance Ministry and Corporate Affairs ministry.
The committee was set up in 2006, under the chairmanship of chartered accountant Y H Malegam. It is mandated to suggest ways to the Securities and Exchange Board of India to improve disclosure framework for listed companies and accounting practises of various market entities.