Somasekhar Sundaresan part of SEBI’s Primary Market Advisory Committee

Capital market regulator SEBI has reconstituted its Primary Market Advisory Committee (PMAC) which advises it on issues related to the regulation and development of IPOs and other primary market segments.

The panel will be chaired by T.V. Mohandas Pai, formerly a senior executive at IT giant Infosys and currently Chairman of the Manipal Global Education Services Pvt Ltd.

Also included in the panel this time Somasekhar Sundaresan, former Partner at law firm JSA and now independent counsel.

The other members of the 18-member panel include BSE interim CEO Ashish Chauhan, Mahindra and Mahindra Group CFO Bharat Doshi, Deputy Secretary of MoF Nikhil Varma, President ICSI Shyam Agarwal, to name a few.

The terms of reference of the committee includes advising SEBI on matters to be taken up for changes in the legal framework to introduce simplification and transparency in systems and procedures in the primary market.

(Read notification)