Deepak Gupta | Oct 11, 2018 |

ICAI Constitutes a High Power Group in matter of IL&FS
No.M-626/HP-Group-2/2018

11th October, 2018

All Members of the Council
Madam/Dear Sir,
Sub: 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,

Yours faithfully

(V. Sagar)
Secretary

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