The principal opposition party, Congress, had earlier in August staged a nationwide protest over Hindenburg's allegations against SEBI chief Madhabi Puri Buch and her husband Dhaval Buch, who have denied any wrongdoing. The Leader of Opposition (LoP) Rahul Gandhi had also sought the resignation of SEBI chief Madhabi Puri Buch.

The Public Accounts Committee (PAC) headed by senior Congress leader KC Venugopal is set to meet on Friday, October 4 with the possibility of continuing discussion on the financial review of the Securities and Exchange Board of India (Sebi).

Top officials of the Ministry of Finance, (Department of Economic Affairs) and Ministry of Communications have also been asked to appear before the key parliamentary panel, with sources saying representatives of the Securities and Exchange Board of India (SEBI) chairperson Badhabi Puri Buch and Telecom Regulatory Authority of India (TRAI) chairperson Anil Kumar Lahoti are likely to appear before the panel.

The Public Accounts Committee (PAC) of Parliament has called upon Madhabi Puri Buch, Chairperson of the Securities and Exchange Board of India ( SEBI ), to address the ongoing controversy surrounding allegations made by US-based research firm Hindenburg.

The Public Accounts Committee (PAC) of Parliament has decided to review the functioning of top regulatory authorities in the country and has called heads of Sebi and TRAI for deposition on October 24.

Sebi has to submit details to the finance ministry today. The PAC has asked for Sebi’s accounts, the CAG audit and internal observations for FY23 and FY24. Sebi chairperson Madhabi Buch is likely to be summoned when PAC meets next,