PAC to meet on Oct 4, buzz on plan to summon SEBI chief Madhabi Buch

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Parliamentary committee may summon Sebi chief, to review performance of regulatory bodies



NEW DELHI: As the Parliamentary Public Accounts Committee (PAC) is set to hold its third meeting on October 4, all eyes are on whether the panel will summon the Securities and Exchange Board of India chairperson Madhabi Puri Buch, who is facing allegations of conflict of interest.This comes in the wake of unconfirmed reports that the PAC asked for a detailed review of SEBI’s accounts of previous fiscal years from the Finance Ministry and that it may call Buch to depose before it.A political row has erupted after the PAC, headed by Congress leader KC Venugopal, introduced ‘The review of regulatory bodies established by Acts of Parliament’ as an agenda item at its August 29 meeting.



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