Earlier, interested entities were required to submit applications by March 6. (File)
New Delhi:
Capital markets regulator Sebi today extended the time till March-end for submission of applications for empanelment of forensic auditors by mutual funds, asset management companies (AMCs) and trustee institutions.
Earlier, interested entities were required to submit applications by March 6.
“It has been decided to extend the last date for submission of applications and the revised date for submission of applications is March 31, 2023,” the capital markets regulator said in a public notice.
On February 11, the Securities and Exchange Board of India (SEBI) had invited applications from eligible firms for empanelment of forensic auditors for MFs, their AMCs and trustee companies.
The auditors after empanelment will handle work related to forensic audit of Mutual Funds, their AMCs and Trustee Companies or Board of Trustees.
Applicants are required to acquire, extract and analyze digital evidence from mobiles, computers, tablets, hard drives and USB drives. Also, applicants are required to prepare and submit a report mentioning the findings and conclusions on the analysis.
As per the eligibility criteria set by SEBI, the applicant must have at least 10 years of experience in the field of forensic audit and digital forensics and must have a minimum of 10 partners or directors, five of whom must be actively involved in forensic audit- Work Related Inter alia, the total revenue of the applicant from forensic audit assignments in the last three financial years should be at least Rs.1 crore.
The Expression of Interest (EoI) came a day after SEBI proposed to enhance the role and accountability of mutual fund trustees to protect the interests of unitholders.
Also, SEBI had proposed a common platform for dissemination of public announcements by mutual funds. A Unit Holders Protection Committee (UHPC) should be constituted by the board of the AMC.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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