ICAI to assist Sebi in safeguarding retail investors, tackling market fraud
Chartered accountants’ apex body ICAI will be preparing a research paper to help markets watchdog Sebi in dealing with financial frauds.
ICAI President Charanjot Singh Nanda on Saturday said the institute will set up a working group and hold discussions with Sebi to finalise the various aspects that will be looked into with respect to tackling financial fraud.
The working group will submit a research paper to the Securities and Exchange Board of India (Sebi) in this regard, Nanda told PTI.
Nanda had a meeting 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,” Nanda said at a briefing in the national capital.
It is important for Sebi to ensure the protection of investors’ interests. Along with ICAI, a system can be developed to prevent fraud, he added.
