ICAI to assist SEBI in tackling monetary fraud

Institute of Chartered Accountants of India (ICAI) President Charanjot Singh Nanda speaks throughout the Accounting Requirements Day occasion, in New Delhi, Saturday, Might 3, 2025.
| Picture Credit score: PTI

Chartered accountants’ apex physique ICAI can be making ready a analysis paper to assist the markets watchdog SEBI in coping with monetary frauds.

ICAI President Charanjot Singh Nanda on Saturday (MAY 3, 2025) stated the institute will arrange a working group and maintain discussions with Sebi to finalise the assorted elements that can be appeared into with respect to tackling monetary fraud.

The working group will submit a analysis paper to the Securities and Change Board of India (SEBI) on this regard, Mr. Nanda instructed PTI.

Mr. Nanda had a gathering with SEBI Chairman Tuhin Kanta Pandey on Friday.

“India is a really beneficial funding vacation spot. Individuals need to put money into India, and regular folks have diverted their financial savings to the markets equivalent to Systematic Funding Plans,” Mr. Nanda stated at a briefing within the nationwide capital.

It is vital for Sebi to make sure the safety of traders’ pursuits. Together with ICAI, a system might be developed to forestall fraud, he added.

Lately, there have been elevated investments within the capital market, together with from retail traders. Additionally, there have been situations of monetary misdoings and value rigging.

To guard traders’ pursuits and enhance the monetary 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.