Sebi rejigs disclosure panel

Markets regulator Sebi has re-constituted its committee which advises the regulator on issues related to disclosure requirements and accounting practices 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 & executive director Suresh Senapaty, NSE managing director and CEO Chitra Ramkrishna, CAG director general A. B. K. P. Sasidharan and ICAI’s P. V. Kumar. The expert panel also includes representatives from Sebi, finance ministry and corporate affairs ministry. The committee was set up in 2006. It is mandated to suggest ways to the Sebi to improve disclosure framework for listed companies and accounting practices of various market entities.

Senior executives of Kotak Mahindra Capital, SBI Capital Markets, Jubilant Life Sciences, Mahindra & Mahindra and Deloitte Haskins and Sells and HDFC Asset Management Company, are also part of the panel.