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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19
 Income tax returns (ITR) filing: Have you received I-T dept notice? Safeguard yourself; here is how
 Delayed release of electronic ITR forms may compel CBDT to extend the filing deadline
 Trading volume linked to tax return?

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 2018 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