There has been a whiff of suspicion in the market since quite some time now leaving very little belief in corporate governance at the micro and macro level. So how much of these fears are real and how much of this is an over-reaction; Sandeep Parekh of Finsec Law Advisors and Ashvin Parekh of Ernst & Young discuss.
The SEBI has passed a consent order regarding the Reliance Infrastructure and RNRL investigation that showed misrepresentation of investments. Amarjit Chopra, President of ICAI says that though ICAI cannot probe into affairs of the company, they will take up the matter of the professional conduct of their members.