« Top Headlines » Open DEMAT Account in 24 hrs  Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)  Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose  Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More  Government proposes to ease tax relief conditions for offshore funds  TallyPrime Connected Banking: Automating Banking and Accounting  ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update  ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide  Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers  Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It  ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes  Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs «  `ICAI is not averse to opening up of the accounting sector'... The vexed issue of appointment of directors... » SEBI forms new panel to take up disclosures, accounting standards September, 14th 2006 The Securities and Exchange Board of India has constituted a new committee on disclosures and accounting standards, headed by Mr Y.H. Malegam. The capital markets regulator had earlier constituted two committees, both chaired by Mr Y.H. Malegam. While the committee on disclosures was set up to advise SEBI on issues related to the disclosure requirements in the documents pertaining to the offering of securities in the primary market, the accounting standards committee was set up to consider accounting standards in line with the Indian laws and best international practices and also to consider and recommend uniform accounting norms for the capital market and its intermediaries in India. These two committees have now been merged to form SCODA or the SEBI Committee on Disclosures and Accounting Standards in a bid to address the overlaps in the areas addressed by them. The terms of reference of the committee are to advise SEBI on issues related to the disclosure requirements in the offer documents/application forms/advertisements and in any other mode of mass communication used by the issuer for protecting the interests of the investors and improving the overall efficiency of the market. It is also to review continuous disclosure requirements of listed companies and for disclosures, valuation methods and standard norms for intermediaries operating in the capital market. The committee will additionally advise SEBI on issues for addressing the operational and systemic risks, if any in the primary securities market. The committee will also ensure smooth implementation of accounting standards, statements guidance notes and studies evolved by the ICAI to the extent that it pertains to disclosures in the capital market documents and for disclosures related to intermediaries. It will suggest how best to coordinate between SEBI and ICAI, such as by constituting study teams for providing inputs to accounting standards board (ASB) and capital markets committee and for providing inputs to ICAI for evolving new accounting standards and reviewing the existing accounting standards.