1.

President of ICA Institute Naveen Gupta has been constituted a group to study the systemic issues at debt-laden IL&FS. How many members are there in the group?

Answer» A 9-member high power group has been constituted by Naveen Gupta, President, ICA Institute, to study the systemic issues at debt-laden IL&FS Group. Shivaji B Zaware will be its convener and other members include: two past presidents of the CA Institute - Ved Jain and Nilesh S Vikamsey. It has also written to the Reserve Bank of India and the Serious Fraud Investigation Office seeking details about IL&FS issue. The group will suggest remedial measures and improvement in the system.


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