The Institute of Company Secretary (ICSI) constitutes a Financial Services Committee to look after financial services as dedicated area of focus and amongst others, to formulate views / suggestions on various financial services related matters.
The Committee recommended that, SEBI law compliances need to be independently checked and verified, in detail, periodically with observations on compliance level with reasons for lapses, if any and action plan to prevent recurrence of lapses.
In this direction, ICSI has constituted an Expert Task Force on Audit/ Due Diligence/Compliance of SEBI Laws under the chairmanship of Shri. J N Gupta, Former Executive Director, SEBI and Founder and Managing Director, Stakeholders Empowerment Services Private Limited.
The committee is under way finalizing the the modalities for such audit/diligence and a reporting format. It has invited comments and suggestions from professionals at khusbu.mohanty@icsi.edu for consideration by the task force.
