Deloitte, EY among 5 entities shortlisted to streamline online registration process: Sebi

According to Sebi, this EoI objectives to streamline the registration method, make it more green and enhance the online registration portal hence; and to focus at the automation of the inspection method. It may even seek to create new mechanism to acquire entire coverage of inspection of all the intermediaries in an efficient, electronic and automated way. Besides, Sebi desires to focus on growing efficiency inside the manner of prosecution in order that speedy and error-unfastened resolution of the case is done in addition to to improve the criticism redressal manner and feature proper check on regulatory statistics interchange. The regulator stated selected firm(s) may be accountable for performing an assessment of present business technique and its helping hardware or software program infrastructure and developing new enterprise procedures in order to allow the operational transformation of the Sebi. Further, the company will need to integrate the commercial enterprise process and create a benchmark for each procedure and setting up indicators, the Securities and Exchange Board of India (Sebi) stated. Besides, Ernst & Young Associates LLP and Deloitte Touche Tohmatsu India LLP are among the nine entities that have been empanelled via Sebi, earlier this month, to conduct forensic audits of monetary statements of indexed corporations to check frauds. Dailyhunt http://www.subzerotyler.com/UserProfile/tabid/61/userId/40861/Default.aspx