https://www.taxtmi.com/notifications?id=24113 The amendment requires interim audited financial statements for an IDR issue when the gap between the latest audited financial statements disclosed and the opening of the issue exceeds the prescribed period; if the gap does not exceed that period, disclosure of a SEBI-specified statement in the prospectus describing changes in the issuing company's financial position suffices. A proviso allows foreign banks regulated by BIS members or IOSCO signatories to meet the requirement with financial statements based on a limited review report. Minor textual changes remove "and financial status" and replace "affairs" with "statements." en-us Wed, 15 Apr 2009 00:00:00 +0530 Thu, 30 Jun 2011 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=24113 The amendment requires interim audited financial statements for an IDR issue when the gap between the latest audited financial statements disclosed and the opening of the issue exceeds the prescribed period; if the gap does not exceed that period, disclosure of a SEBI-specified statement in the prospectus describing changes in the issuing company's financial position suffices. A proviso allows foreign banks regulated by BIS members or IOSCO signatories to meet the requirement with financial statements based on a limited review report. Minor textual changes remove "and financial status" and replace "affairs" with "statements." Notifications Companies Law Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/notifications?id=24113