Auditors' Certificate requirement: standardised certification of accounting treatment compliance mandated for scheme filings under the listing agreement. A mandatory standard format is prescribed for the Auditors' Certificate under Clause 24(i) of the Equity Listing Agreement to confirm that the accounting treatment in draft schemes of amalgamation, merger or reconstruction complies with applicable Accounting Standards and other generally accepted accounting principles, with any departures or regulator-prescribed treatments identified; the certificate must be furnished with draft/final schemes filed with stock exchanges from the circular date and auditors' examination is to follow professional guidance.
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Provisions expressly mentioned in the judgment/order text.
Auditors' Certificate requirement: standardised certification of accounting treatment compliance mandated for scheme filings under the listing agreement.
A mandatory standard format is prescribed for the Auditors' Certificate under Clause 24(i) of the Equity Listing Agreement to confirm that the accounting treatment in draft schemes of amalgamation, merger or reconstruction complies with applicable Accounting Standards and other generally accepted accounting principles, with any departures or regulator-prescribed treatments identified; the certificate must be furnished with draft/final schemes filed with stock exchanges from the circular date and auditors' examination is to follow professional guidance.
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