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Task 18 (cosmetic): eval 10 templates: hyphenate params (7×);

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{{short description|Indian chartered accountant}}
{{Use dmy dates|date=March 2019}}
{{Use Indian English|date=March 2019}}
{{Infobox officeholder
| name = Yezdi Hirji Malegam
| image =
| caption =
| office = [[Institute of Chartered Accountants of India#Presidents|President of ICAI]]
| predecessor =
| successor = [[V Rajaraman]]
| birth_date = 
| birth_place =
| nationality = [[India]]n
| other_names =
| known_for =
| occupation = [[Chartered Accountant]]
}}

'''''Yezdi Hirji Malegam''''' is an Indian [[chartered accountant]] who was the president of [[Institute of Chartered Accountants of India]] from 1979 to 1980.<ref>{{cite web|title=Past President|url=http://www.icai.org/post.html?post_id=220|publisher=Institute of Chartered Accountants of India|access-date=17 February 2011}}</ref> He was the chairman of [[National Advisory Committee on Accounting Standards]].<ref>{{cite web|title=www.moneycontrol.com/news/management/yh-malegam-defends-as-11-dilution_391879.html|url=http://www.moneycontrol.com/news/management/yh-malegam-defends-as-11-dilution_391879.html|publisher=News Center|access-date=17 February 2011}}</ref> Since 27 November 2000, he has been a board member of [[Reserve Bank of India]] and holds a position as a [[trustee]] of The Willingdon Sports Club. He is also engaged in various other fields of business and finance.<ref>{{cite web|title=Y. H. Malegam B.Com., F.C.A. (England & Wales)|url=http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=8369189&privcapId=22499164&previousCapId=20332575&previousTitle=ABC%20BEARINGS%20LTD|publisher=Bloomberg|access-date=17 February 2011}}</ref> He has been a director of the Indian Central Bank's board for 17 years.<ref>{{cite web|title=YH Malegam{{!}} Limit on annual income can be changed|url=http://www.livemint.com/2011/01/27222436/YH-Malegam-Limit-on-annual-in.html?h=B|publisher=Wall Street Journal|access-date=17 February 2011}}</ref>

==Review of Disclosure Requirements==
Malegam lead a 1995 review of disclosure requirements for public issues.<ref>{{cite book|last=Machiraju|first=H R|title=Merchant Banking, Principles And Practice|year=2007|publisher=New Age International|isbn=81-224-1466-4|pages=170, 240, 478|url=https://books.google.com/books?id=WmT_UWylUQ8C&pg=PA170&dq=Y.+H.+Malegam%E2%80%8E&hl=en&ei=uypdTbaOFsPKhAeJw52qCA&sa=X&oi=book_result&ct=result&resnum=2&ved=0CCsQ6AEwAQ#v=onepage&q=Y.%20H.%20Malegam%E2%80%8E&f=false}}</ref> Under his recommendation, guidelines were produced by [[SEBI]], which included the recommendation such as companies declaring loans to subsidy companies.<ref>{{cite book|last=Roche|first=Julian|title=Corporate governance in Asia|year=2005|publisher=Routledge|isbn=0-415-33975-8|pages=[https://archive.org/details/corporategoverna0000roch/page/140 140]|url=https://archive.org/details/corporategoverna0000roch|url-access=registration|quote=Y. H. Malegam.}}</ref>

==Study of Issues and Concerns in the MFI Sector==
Malegam was appointed Chairman of the famous ''Malegam Committee'' (Sub-Committee of the RBI Central Board of Directors) set up to study issues and concerns in the [[Microfinance institution|MFI]] Sector. The committee submitted its report to the RBI in January 2011.<ref>{{cite web|url=http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage%3D%26ID%3D608 |title=Report of the Sub-Committee of the Central Board of Directors of Reserve Bank of India to Study Issues and Concerns in the MFI Sector |access-date=3 March 2019 | publisher=Reserve Bank of India |url-status=dead |archive-url=https://web.archive.org/web/20120107015059/http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=608 |archive-date=7 January 2012 }}</ref><ref>{url=http://www.iibf.org.in/documents/YHMR2011.docx}</ref> Malegam contended that the micro-finance institutions have neglected the poor.<ref>{{cite web|url=http://articles.economictimes.indiatimes.com/2011-01-24/news/28426373_1_loan-borrower-rate|title=MFIs Neglect the Poor - Malegam}}</ref>

==Financial sector and accounting reforms==
Malegam was member of the [[Financial Sector Legislative Reforms Commission]] set up in 2011 to amend the financial laws in India. However, Malegam submitted a dissenting note to the Commission's Report, arguing that Reserve Bank of India should control all capital flows except [[Foreign Direct Investment|FDI]].<ref>{{cite news|url=http://www.moneycontrol.com/news/business/barring-fdi-rbi-must-control-all-capital-flows-yh-malegam_852170.html|title=RBI should control capital flows - Malegam}}</ref>

==Awards and Honours==
Malegam received Padma Shri Award (the fourth highest civilian award in the Republic of India) in 2012.<ref>{{Cite web |url=http://ibnlive.in.com/news/full-list-2012-padma-awards/224135-53.html |title=Archived copy |access-date=26 January 2012 |archive-url=https://web.archive.org/web/20120128011022/http://ibnlive.in.com/news/full-list-2012-padma-awards/224135-53.html |archive-date=28 January 2012 |url-status=dead |df=dmy-all }}</ref>

==See also==
* [http://www.cafral.org.in/y_h_malegam.html Malegam - a brief profile]
* [http://investing.businessweek.com/research/stocks/private/person.asp?personId=8369189&privcapId=22499164 Executive Profile & Biography of Malegam]

==References==
{{reflist}}

==External links==
#[http://investing.businessweek.com/businessweek/research/stocks/private/person.asp?personId=8369189&privcapId=22499164&previousCapId=20332575&previousTitle=ABC%20BEARINGS%20LTD BusinessWeek: Executive Profile: Y. H. Malegam]
#[http://www.business-standard.com/india/news/qa-y-h-malegam-chairman-malegam-committee/424720/ Q&A: Y H Malegam, Chairman, Malegam Committee]
#[http://www.coolavenues.com/news-wire/general-news/rbi-decide-microfinance-institutions-after-yhmalegam-committee-report RBI to decide on microfinance institutions after Y.H.Malegam Committee report]
#[http://www.livemint.com/2011/01/27222436/YH-Malegam-Limit-on-annual-in.html?h=B Y. H. Malegam: "Limit on annual income can be changed"]
#[http://indiamicrofinance.com/interview-malegam-report-indian-microfinance-institutions.html Interview with Y. H. Malegam on his report on Indian Microfinance Institutions]
#[https://web.archive.org/web/20110726174341/http://indiacurrentaffairs.org/y-h-malegam-committee-report-rbi-releases-report-of-the-sub-committee-of-its-central-board-of-directors-to-study-issues-and-concerns-in-the-mfi-sector/ Y. H. Malegam Committee Report: RBI releases Report of the Sub-Committee of its Central Board of Directors to study Issues and concerns in the MFI Sector]
#[http://www.firstsource.com/about-us/BOD_detailed.aspx#malegam Firstsource Board of Directors]
#[https://web.archive.org/web/20120107015059/http://www.rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=608]
#[http://www.iibf.org.in/documents/YHMR2011.docx]

{{Padma Shri Award Recipients in Public Affairs}}
{{DEFAULTSORT:Malegam, Y. H.}}
[[Category:Indian accountants]]
[[Category:Living people]]
[[Category:Businesspeople from Mumbai]]
[[Category:Recipients of the Padma Shri in public affairs]]
[[Category:Year of birth missing (living people)]]

Y. H. Malegam - Revision history

imported>Monkbot: Task 18 (cosmetic): eval 10 templates: hyphenate params (7×);