Debt listed entities under new requirement of quarterly financial results – Implications and actionables
- News|Blog|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 20 October, 2021
Latest from Taxmann
[2021] 130 taxmann.com 382 (Article)
The SEBI (Listing Obligations and Disclosure Requirements) (Fifth Amendment) Regulations, 20211 have increased the compliance burden on the debt-listed entities. Ranging from introducing the corporate governance requirements on High-Value Debt Listed Entities (HVDLEs) to increasing the disclosure and compliance requirements on all debt listed entities, the amendment per se aims to make the current regulatory requirements stringent on the debt listed entities.
One significant amendment under Chapter V, which is applicable on all debt listed entities, is the requirement of submission of financial results on a quarterly basis instead of a half-yearly basis, as was previously the requirement. With this write-up, we will try to understand the implications on the debt listed entities due to change in the periodicity of submission of financial results and the required actionable.
As per the amendment, the debt-listed entities will be required to prepare the quarterly and annual financial results, as per the format specified by the Board. Having said that the said amendment is effective immediately, the format is not yet in place. Accordingly, the extent of actionable required for preparation of quarterly results (like whether results for the 1st quarter and corresponding second quarter, etc needs to be prepared from now and onwards) may not be clear as on date.
Click Here to Read the Full Article
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
CA | CS | CMA
