Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT Audit :: form 3cd :: cpt :: empanelment :: VAT RATES :: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company
 
 
News Headlines »
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes
 Here's why you must always check Form 26AS before filing tax return
 Want to file your income tax return after June 30? Having Aadhaar card is a must
 Timeline for filing of tax returns extended by two months
 Top 5 common mistakes to avoid while filing your income tax returns
 GST rollout on July 1: Deadline for filing tax returns extended

Tax experts' views on the latest SEBI listing rule
April, 08th 2010

SEBI amended the listing agreement of stock exchanges, earlier this week, seeking more balance-sheet disclosures from companies periodically. How will it help retail investors? Tax experts share their views on latest SEBI rule with News.

Vinod Ambavat, Partner, Jain Ambavat & Associates

Moves, like peer-review certificate for statutory auditors will ensure basic audit processes, are not omitted and interim disclosures of balance-sheet items may help in curbing insider trading to some extent. The IFRS stresses upon fair value accounting, and thus, enables reporting of income and asset-liabilities at their fair value. Its (IFRS) voluntary adoption will also help by way of comparison of the financials of the entity on a global basis. The retail investor may not directly benefit from this, but it will definitely help have uniformity of accounting treatment.

Shailesh Haribhakti, Chartered Accountant, BDO Haribhakti

The entire focus of the effort towards putting together financial statements by listed companies will be brought forward. This will make it easier for analysts and investors to study companies and do a comparative analysis as all listed companies will be subject to this discipline. The disclosures on key economic changes, which are likely to effect performance or any restructuring which may include divestment or demerger, will improve transparency and boost investor confidence.

Hinesh Doshi, CA & VP, Investor Grievances forum

The disclosures relating to asset liability and balance-sheet figures should have been on a quarterly basis and not every six months. However, this is also a welcome move. The time limit of 45 days will help reduce manipulation of balance sheets and reduce scope for insider trading. The new changes will also put onus on the auditor to certify that a company has followed all accounting standards in case of a merger, amalgamation or any other reconstruction.

Dolphy DSouza, Partner, Ernst & Young

Small investors are concerned about receiving information late which puts them at a disadvantage. Prior to the SEBI circular, if a listed company chose to submit annual audited accounts closer to the 3-month deadline after the end of the accounting year, there was no information in public domain on the companys financial position for five months or more. There are numerous options in terms of timeline for submitting review reports. The new announcement advances the deadlines as well as eliminates the numerous filing options which confused the investors.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions