(a) whether the Government has decided/proposes to set up a specialized Research and Analysis Wing to scrutinize
media reports, corporate press releases and advertisements which can have a bearing on share prices of companies
to avoid corporate frauds;
(b) if so, the details thereof; and
(c) the steps taken/proposed to be taken in this regard?
MINISTER OF STATE (INDEPENDENT CHARGE) IN THE MINISTRY OF CORPORATE AFFAIRS (SHRI SACHIN PILOT)
(a) to (c) Since 2009, a Market Research and Analysis Unit (MRAU) has been functioning in the Serious Fraud Investigation
Office (SFIO) with the objectives of analyzing media reports and for market surveillance relating to corporates. MRAU also
shares these inputs with other investigating agencies. In order to strengthen MRAU’s functioning, an Expert Committee has
recommended induction of requisite technology and skilled manpower in the areas of finance, statistics and technology.
These recommendations are being implemented.