ICAI has constituted High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS) matter

The President, in terms of the authority given to him by the Council at its 373rd meeting held on 12th February, 2018 has constituted a High Power Group on Infrastructure Leasing & Financial Services Limited (IL&FS). The composition of the said group is as under:

• CA. Shiwaji B. Zaware, Convenor
• President-in-Office, Ex-officio
• Vice-President-in-Office, Ex-officio
• CA. Nilesh S. Vikamsey, Member
• CA. Sanjay Kumar Agarwal, Member
• CA. Shyam Lal Agarwal, Member
• CA. K. Sripriya, Member
• Shri Vijay Kumar Jhalani, Member
• CA. Ved Jain (Past-President), Member

(in view of his specialized knowledge of having dealt with debt ridden entity, Maytas Infra Limited)

Terms of Reference of the High-Power Group would be to study the systemic issues in the IL&FS matter and suggest remedial measures and improvement in the system; and any other matter incidental thereto.

Dr. Rashmi Goel, Deputy Director would be the Secretary to the aforesaid group.

Thanking you,

(V. Sagar)
Secretary