Listing conditions: mandatory auditor certification for scheme accounting and stricter timelines for financial disclosures Amendments require listed companies to file an auditors' certificate that accounting treatments in schemes of amalgamation, merger or reconstruction comply with Accounting Standards under Section 211(3C), with sectoral regulator norms prevailing where applicable. Quarterly results must be disclosed within forty-five days and audited annual results within sixty days where applicable; consolidated publication must include specified stand alone items. Optional consolidated reporting under IFRS is permitted with reconciliation to notified Accounting Standards; stand alone reporting remains under Indian GAAP. Auditors must hold a valid ICAI peer review certificate to submit review/audit reports; half year assets and liabilities must be disclosed in Annexure IX format and Audit Committees must approve CFO appointments.
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Listing conditions: mandatory auditor certification for scheme accounting and stricter timelines for financial disclosures
Amendments require listed companies to file an auditors' certificate that accounting treatments in schemes of amalgamation, merger or reconstruction comply with Accounting Standards under Section 211(3C), with sectoral regulator norms prevailing where applicable. Quarterly results must be disclosed within forty-five days and audited annual results within sixty days where applicable; consolidated publication must include specified stand alone items. Optional consolidated reporting under IFRS is permitted with reconciliation to notified Accounting Standards; stand alone reporting remains under Indian GAAP. Auditors must hold a valid ICAI peer review certificate to submit review/audit reports; half year assets and liabilities must be disclosed in Annexure IX format and Audit Committees must approve CFO appointments.
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