Amendments to the equity listing agreement – formats for dis

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 New Format of Quarterly Financial Result as per Clause 41 of Listing Agreement.................

CIR/CFD/DIL/4/2012 April 16, 2012

To

All Stock Exchanges

Dear Sir/Madam,

 

Sub: Amendments to the Equity Listing Agreement – Formats for Disclosure of Financial Results

 

1. Ministry of Corporate Affairs vide Notification dated February 28, 2011 has revised the

format for disclosure of Balance Sheet under Schedule VI of the Companies Act, 1956.

 

2. Pursuant to the same, it has been decided to carry out consequential amendments to

Clause 41 of the Listing Agreement regarding interim disclosure of financial results by

listed entities to the stock exchanges, which has been drawn from the format under

Schedule VI of the Companies Act, 1956. Accordingly, the format for the said disclosure

has been given in Annexure.

 

3. The above shall be applicable for financial year ended on March 31, 2012 for all filings

made after the date of this circular.

 

4. The above listing conditions are specified in exercise of the powers conferred under

Section 11 read with Section 11A of the Securities and Exchange Board of India Act,

1992. The said listing conditions should form part of the existing Listing Agreement of

the stock exchange.

 

5. All stock exchanges are advised to ensure compliance with this circular and carry out

the amendments in their Listing Agreement as per the Annexure to this circular.

 

6. This circular is available on SEBI website at www.sebi.gov.in under the categories

“Legal Framework” and “Issues and Listing”.

 

For more details go to the following link:

https://www.sebi.gov.in/cms/sebi_data/attachdocs/1334570703959.pdf

 

Replies (10)
Thanks for sharing Info with us sir..
really nice info Sir ...

Very useful information. Thanks for sharing.

Originally posted by : Harish Upadhya

Very useful information. Thanks for sharing.

Very Valuable info.....

Thanks for sharing, Ajay sir.....smiley

GM Sir,

Yes its really useful info..

Thank u sirsmiley

Originally posted by : Harish Upadhya

Very useful information. Thanks for sharing.


 

Circular says this amendment relates to interim disclosure of financial results whereas in the format it also states "year ended". Also there is ambiguity regarding CFS format as the listing agreement states in Clause 41 V (c) that Consolidated fin. results shall be in the same format as Standalone. If CFS is not presented in quarters, then only yearly data can be presented in Year end results not preceding & corresponding 3 months etc., Better SEBI clarifies / amends 41 V (c).

Thanks for the update...!!!

In 3 coloumn( corresponding 3 months ended 30.06.2011 )  which figure was  inserted  before review figure (prepared by management) or after  review  figures final by auditors at the tm of limited review of said quarter ?


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