SEBI UNVEILS NEW FORMAT FOR REPORTING FINANCIAL RESULTS
The Securities and Exchange Board of India (SEBI) has unveiled a new reporting format for
disclosing financial results for companies other than banks. Companies have to file their income
statement and balance sheet in this format starting FY 12-13. Companies filing consolidated results have to include details of profit / loss of associates and minority interest. They have to provide separate details on promoter/ promoter group shares pledged. In their balance sheets, companies now
have to provide details of money received against share warrants under shareholder's funds.
disclosing financial results for companies other than banks. Companies have to file their income
statement and balance sheet in this format starting FY 12-13. Companies filing consolidated results have to include details of profit / loss of associates and minority interest. They have to provide separate details on promoter/ promoter group shares pledged. In their balance sheets, companies now
have to provide details of money received against share warrants under shareholder's funds.
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