Wednesday, May 16, 2012

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.

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