New Delhi: The Securities and Exchange Board of India (SEBI) has formed a six-member high-level committee to examine and review the existing norms related to conflict of interest, as well as the disclosure requirements concerning the property, investments, and liabilities of its board members and officials.
The committee will be chaired by Pratyush Sinha, the former Chief Vigilance Commissioner and retired IAS officer from the 1969 batch. Injeti Srinivas, a retired IAS officer from the 1983 batch and former Secretary of the Ministry of Corporate Affairs, has been appointed Vice Chairman of the panel.
The other members of the committee are:
- Uday Kotak, Non-Executive Director, Kotak Mahindra Bank
- G Mahalingam, Former Whole-Time Member, SEBI
- Sarita Jafa, Former Deputy Comptroller and Auditor General
- R Narayanaswamy, Former Professor, Indian Institute of Management (IIM) Bangalore
The panel will focus on reviewing SEBI’s current practices regarding conflict of interest and transparency in financial disclosures by its officials. The committee is tasked with submitting its recommendations within three months of its formation. Once submitted, the final report will be presented to the SEBI Board for further consideration and action.
This move underscores SEBI’s commitment to strengthening governance and enhancing transparency within the regulatory body.
