Sebi proposes to tighten rules for auditors, valuers; seeks feedback

Regulator seeks feedback from market participants in a month

The Securities and Exchange Board of India (Sebi) is planning to tighten the norms governing auditors, chartered accountants (CAs), company secretaries (CSs), valuers and monitoring agencies that undertake third-party fiduciary assignments under the securities laws. 

The new rules, once effective, will bring the activities of these entities with regard to listed companies under Sebi’s ambit. Currently, most of them are not regulated by the markets regulator. 

Sebi has asked auditors to ensure that certificates or reports issued by them are true in all material respects and they must exercise all due care, skill and diligence with respect to all processes involved in