Accounting And Audit 11 August 2026
SEBI Makes Merchant Banker Optional
The Securities and Exchange Board of India has made the appointment of a merchant banker optional in buybacks, potentially giving chartered accountants a bigger role. This change could impact the way companies handle buybacks and income tax audits, with implications for the financial industry.
SEBI has made a significant change by making the appointment of a *merchant banker* optional in buybacks. This move could have a substantial impact on the role of *chartered accountants* in the financial industry. Some key points to consider:
- The change could lead to increased responsibility for chartered accountants in handling buybacks and income tax audits.
- Companies may need to reassess their approach to buybacks and income tax audits in light of this new development.
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