SEBI includes CMA to carry out Share Capital Reconciliation Audit [Read Circular]

The Securities and Exchange Board of India (SEBI) met in Mumbai on Tuesday under the Chairmanship of Mr.Ajay Tyagi. The Part-Time Members joined the meeting through video conferencing. The Board, inter-alia decided to include Cost Accountants (CMA) to carry out Share Capital Reconciliation Audit under SEBI (D&P) Regulations, 2018.

Under Regulation 76(1) of SEBI (D&P) Regulations, 2018, in addition to qualified Chartered Accountant or practicing Company Secretary, practicing Cost Accountants are also eligible to carry out share reconciliation audits of issuer companies.

“The Board deliberated on the existing provisions of SEBI (Depositories and Participants) Regulations, 2018 [SEBI (D&P) Regulations, 2018], and approved the proposal to authorize practicing Cost Accountants to carry out share capital reconciliation audit of issuer companies,” the Press Release by the SEBI read.

To Read the full text of the Circular CLICK HERE

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