Chapter IV - OBLIGATIONS OF A LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND NON-CONVERTIBLE DEBT SECURITIES (From Regulation 15 to Regulation 48)
Chapter VA - CORPORATE GOVERNANCE NORMS FOR A LISTED ENTITY WHICH HAS LISTED ITS NONCONVERTIBLE DEBT SECURITIES (From Regulation 62B to Regulation 62Q)
Chapter VI - OBLIGATIONS OF LISTED ENTITY WHICH HAS LISTED ITS SPECIFIED SECURITIES AND EITHER NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES OR BOTH (From Regulation 63 to Regulation 64)
Chapter VIA - FRAMEWORK FOR VOLUNTARY DELISTING OF NON-CONVERTIBLE DEBT SECURITIES OR NON-CONVERTBLE REDEEMABLE PREFERENCE SHARES AND OBLIGATIONS OF THE LISTED ENTITY ON SUCH DELISTING (From Regulation 64A to Regulation 64I)
Audit report review: stock exchanges and expert committee channel modified opinions for board direction and pro forma correction. A multi tiered review mechanism requires stock exchanges to preliminarily scrutinise Form B and accompanying audit reports for material modified audit opinions, refer significant or unresolved cases to a qualified audit report review committee, which may consult the Financial Reporting Review Board and recommend rectification or submission of revised pro forma financial results. The Board may direct rectification and require revised pro forma results incorporating the accounting impact as a prior period item in the subsequent year. Reviews occur twice yearly under prescribed timelines for scrutiny, referrals, opinions, communications and submissions.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit report review: stock exchanges and expert committee channel modified opinions for board direction and pro forma correction.
A multi tiered review mechanism requires stock exchanges to preliminarily scrutinise Form B and accompanying audit reports for material modified audit opinions, refer significant or unresolved cases to a qualified audit report review committee, which may consult the Financial Reporting Review Board and recommend rectification or submission of revised pro forma financial results. The Board may direct rectification and require revised pro forma results incorporating the accounting impact as a prior period item in the subsequent year. Reviews occur twice yearly under prescribed timelines for scrutiny, referrals, opinions, communications and submissions.
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