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TMI BlogAmendment to the Listing AgreementX X X X Extracts X X X X X X X X Extracts X X X X ..... Listing Agreement In order to enhance the level of disclosure by the listed companies in the light of new Accounting Standards issued by the Institute of Chartered Accountants of India (ICAI), the Accounting Standards Committee (ASC) of SEBI, has recommended certain amendments to the Listing Agreement. It has been decided to amend the Listing Agreement to incorporate the following recommendations ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... audited quarterly financial results of the parent company as currently required under the Clause 41 of the Listing Agreement. d. Clarification regarding format of annual results: A specific clarification shall be given in the Clause 41 to explicitly make it clear that annual results shall also be published in the same format prescribed for quarterly results under Clause 41. e. Limited Review R ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rt, A Wing, Gr. Floor, 224, Nariman Point, Mumbai 400 021 regarding the financial statements taken as a whole. Accordingly, we do not express an opinion. Based on our review conducted as above, nothing has come to our notice that causes us to believe that the accompanying statement of un-audited financial results prepared in accordance with accounting standards and other recognised accounting p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n compliance with the Accounting Standard on "Related Party Disclosures" in the annual reports. 3. Compliance with Accounting Standards: A new clause shall be added to the Listing Agreement as Clause 50 to provide that companies shall mandatorily comply with all the Accounting Standards issued by ICAI from time to time. The Exchanges are advised to incorporate the above amendments in ..... X X X X Extracts X X X X X X X X Extracts X X X X
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