SEBI UPDATE
Revised Formats for Financial Results and Implementation of Ind-AS by Listed Entities
SEBI, in consultation with the market participants viz. Listed Entities, Stock Exchanges and Members of the Institute of Chartered Accountants of India ('ICAI'), has prescribed the revised formats for Financial Results and Implementation of Ind-AS by Listed Entities.
The Quarterly / Annual Segment Information published in compliance with the requirements as prescribed under Accounting Standard (‘AS’) 17/ Indian Accounting Standard (‘Ind AS’) 108 of the AS Rules/ Ind-AS Rules, as applicable, shall contain the following minimum information: -
(a) Segment Revenue (including inter-segment revenue);
(b) Segment Results;
(c) Segment Assets;
(d) Segment Liabilities.
The timeline for submitting the financial results in compliance with the provisions of this Circular is extended by one month. The results for the quarter ending June 30, 2016 and September 30, 2016 may be submitted by September 14, 2016 and December 14, 2016 respectively
This Circular shall come into force with immediate effect and the contents of the circular dated November 30, 2015, shall stand modified to the extent stated under this circular.