07 June 2014 listed companies only dicloses those items which are material and which are required as per listing agreements and other legal requirements...if they disclose all ledger then the annaual report will be like an encyclopedia.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 WHETHER ANNUAL REPORT LIKE ENCYCLOPEDIA OR NOT IS NOT MATERIAL FOR US.
BUT IF THEY PROVIDE FULL INFORMATION THEN WE CAN JUDGE ABOUT WHAT ACTUALLY GOING ON

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 June 2014 then shareholders can on requisite fees paid can get extract of information required bt they are not under obligation to do so.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014
WE R OWNER OF THE COMPANY. BUT UNFORTUNATELY WE CAN NOT PARTICIPATE THEN HOW CAN WE KNOW WHAT ACTUALLY GOING ON UNLESS THEY PROVIDE FULL INFORMATION TO US

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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07 June 2014 for that there is distinction bet shareholders (owners ) and management appointed by body of shareholders.

Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2014 I QUITE AGREE,
BUT,
AS A OWNER WE R INTERACTING WITH FULL SET OF FINANCIAL STATEMENT ,

SO THAT WE CAN SATISFIED WITH OURS INVESTMENT THOUGH WE NOT DOING MANAGEMENT

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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26 July 2025 This is a very insightful discussion around **disclosure of ledger details by companies**, especially listed ones, and transparency for shareholders.

Let me summarize and clarify the key points around **ledger disclosure and tax computation for trusts** mentioned, and also touch on your concerns about **information availability for shareholders**.

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## 1. **Disclosure of Ledger Details by Companies**

* **Listed companies** are required to follow strict disclosure norms under:

* **SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations**
* Companies Act, 2013
* Accounting Standards & Ind AS

* However, they **do NOT provide full ledger-level disclosure** in their **annual reports** or public filings because:

* It would be voluminous — the annual report would become like an encyclopedia.
* Only **material information** as per law and regulation is disclosed.
* Full ledgers are **internal accounting details**, not required by law for public disclosure.

* **Shareholders’ Rights:**

* Shareholders can request **copies of specific ledger extracts or documents** by paying prescribed fees.
* However, companies are **not obliged** to disclose full ledgers publicly.
* The management acts on behalf of shareholders, and detailed operational info is part of internal controls.

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## 2. **Tax Computation for Charitable, Religious, and Educational Trusts**

* Trusts registered under Section 12AA and claiming exemption under Section 11 and 12 of Income Tax Act:

* Must maintain proper books of accounts.
* Income from property held for charitable purposes is exempt, subject to compliance.
* Expenses related to charitable activities reduce taxable income.
* Unutilized income carried forward should be reported correctly.
* Trusts must file **ITR-7** form and maintain accounts transparently.

* The ledger details of donations, expenses, receipts, and utilization must be properly maintained for audit and tax assessment.

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## 3. **Your Concern About Transparency and Shareholder Access**

* You’re right — **full access to ledger details** would give shareholders deeper insights.

* But due to legal, practical, and confidentiality reasons, companies limit disclosure to:

* Audited financial statements
* Notes to accounts
* Management discussion and analysis (MD\&A)
* Statutory disclosures

* For more transparency, shareholders can:

* Attend AGM and raise queries.
* Access audit reports and statutory disclosures.
* Request information under Section 94 of Companies Act (right to inspect copies of registers etc).

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## Summary

| Point | Detail |
| -------------------------- | ------------------------------------------------------ |
| Full ledger disclosure | Not mandatory for listed companies publicly |
| Shareholder access | Limited to statutory disclosures & meetings |
| Tax computation for trusts | Based on income, expenses, and compliance |
| Transparency | Balance between confidentiality and shareholder rights |

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