SEBI Committee on Disclosures and Accounting Standards (SCODA)

# Members Details Capacity
1 Mr. Ishaat Hussain
Director-Finance, Tata Sons Ltd.
2 Mr. Sanjeev Kaushik
Director, Ministry of Finance Member
3 Mr. A. K. Chaturvedi
Regional Director (Western Region), Ministry of Corporate Affairs
4 Mr. S Ramesh
Chief Operating Officer, Kotak Mahindra Capital Company Ltd.
5 Mr. Praveen Gupta
MD & CEO, SBI Capital Markets
6 Mr. Suresh Senapaty
CFO and Executive Director, Wipro Ltd.
7 Mr. Sankaraiah
Executive Director-Finance, Jubilant Life Sciences Ltd.
8 Mr. CA. M. P. Vijay Kumar
9 Mr. P R Ramesh
Chairman, Deloitte, Haskins & Sells
10 Mr. K P Sasidharan
IA & AS, Director General AB, Comptroller & Auditor General of India
11 Mr. V S Parthasarathy
Group CFO, Mahindra & Mahindra Limited
12 Ms. Chitra Ramkrishna
Managing Director & CEO, NSE
13 Mr. Milind Barve
Managing Director, HDFC Asset Management Co.Ltd.
14 Mr. B. N. Sahoo
General Manager, SEBI
Member - Secretary
15 Mr. Prof Asish K Bhattacharyya
Professor and Head, School of Corporate Governance and Public Policy, Indian Institute of Corporate Affairs

Terms of reference of the Committee:

1. 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 improving the overall efficiency of the market.

2. To advise SEBI on issues related to the continuous disclosure requirements pertaining to listing of equity or debt of an issuer.

3. To advise SEBI on matters related to disclosure requirements of the intermediaries registered with SEBI.

4. To review of continuous disclosure requirements of listed companies and for disclosures, valuation methods and standard norms for Intermediaries operating in the Capital Market.

5. To advise SEBI on issues for addressing the operational and systemic risks, if any, in the primary securities market.

6. To ensure smooth implementation of accounting standards, statements, guidance notes and studies evolved by the Institute of Chartered Accountants of India (ICAI) to the extent that it pertains to disclosures in the Capital Market documents and for disclosures related to Intermediaries.

7. To suggest how best to coordinate between SEBI and ICAI, such as by constituting study teams for providing inputs to Accounting Standards Board (ASB) of ICAI and Making references to ICAI for consideration of ASB and Capital Markets Committee and for providing inputs to ICAI for evolving new accounting standards and reviewing the existing accounting standards.