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Disclosure

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(Querist)
25 July 2013 if finance is raised by issuing additional equity shares, then does it need to be specifically disclosed to the shareholders regarding where THAT SUM RAISED in particular, will be invested ?
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Kumar

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Kumar (Expert)
01 August 2013 Revised schedule VI provides as follows:

"V.Where in respect of an issue of securities made for a specific purpose, the whole or part of the amount has not been used for the specific purpose at the balance sheet date, there shall be indicated by way of note how such unutilized amounts have been used or invested."
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