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Securities Appellate Tribunal defers Sebi- Price Waterhouse hearing

On January 10, Sebi banned PW from providing audit services to listed companies and market intermediaries for two years for its alleged involvement in the Satyam fraud case

BS Reporter 

Sebi

The (SAT) on Tuesday deferred hearing in Price Waterhouse's (PW's) appeal against an order passed by the market regulator Securities and Exchange Board of India (Sebi). The tribunal will next hear the matter on Friday. The matter was adjourned as only one member of the tribunal was present. Both the and counsels argued that since the full bench bench was present, a postponement was needed.

On January 10, banned from providing audit services to listed companies and market intermediaries for two years for its alleged involvement in the fraud case. has challenged the matter.

The first hearing in the matter took place on January 19 during which provided partial relaxation to PW by allowing it to continue its relationship with its existing clients.

First Published: Wed, February 14 2018. 02:11 IST
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