The joint parliamentary committee (JPC) on stock scam is likely to complete discussions on Sebi's action taken report (ATR) following the 1992 stock market irregularities before the Monsoon Session of Parliament ends on August 28. It will also have an in-house discussion on the proceedings of the JPC till date besides drawing up a schedule for the committee over the next few months.
According to JPC sources, with the role of Unit Trust of India (UTI) in the stock market developments also coming under the committee's ambit, the JPC proceedings will extend beyond December this year.
The committee will ask for a technical briefing on UTI by senior executives of the mutual fund behemoth. UTI held several stocks which were the favourites of broker Ketan Parekh and provided a benchmark to their prices, Sebi had pointed out in its first interim report.
