Institute of Chartered Accountants of India (ICAI) President Charanjot Singh Nanda speaks through the Accounting Standards Day occasion, in New Delhi, Saturday, May 3, 2025.
| Photo Credit: PTI
Chartered accountants’ apex physique ICAI might be getting ready a analysis paper to help the markets watchdog SEBI in coping with financial frauds.
ICAI President Charanjot Singh Nanda on Saturday (MAY 3, 2025) mentioned the institute will arrange a working group and maintain discussions with Sebi to finalise the varied elements that might be seemed into with respect to tackling financial fraud.
The working group will submit a analysis paper to the Securities and Exchange Board of India (SEBI) in this regard, Mr. Nanda informed PTI.
Mr. Nanda had a gathering with SEBI Chairman Tuhin Kanta Pandey on Friday.
“India is a very favourable investment destination. People want to invest in India, and normal people have diverted their savings to the markets such as Systematic Investment Plans,” Mr. Nanda mentioned at a briefing in the nationwide capital.
It is vital for Sebi to make sure the safety of buyers’ pursuits. Along with ICAI, a system will be developed to forestall fraud, he added.
In latest years, there have been elevated investments in the capital market, together with from retail buyers. Also, there have been cases of financial misdoings and worth rigging.
To shield buyers’ pursuits and enhance the financial markets, numerous efforts are being taken by regulators to sensitise the general public and curb frauds.
The Institute of Chartered Accountants of India (ICAI) has greater than 4.35 lakh members and over 10 lakh college students.
Published – May 03, 2025 10:25 pm IST