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Sebi eases format of accounting standard applicability

New format to apply to firms that have listed their debt securities and non-cumulative redeemable preference shares on exchanges

Sebi eases format of accounting standard applicability

Inabidtofacilitatesmoothtransition,capitalmarketsregulatorSecuritiesandExchangeBoardofIndia(Sebi)hasissuedarevisedformatforpublishingfinancialaccountsincompliancewithIndAS,theaccountingstandards. Thenewformatwillbeapplicableonallthosecompanieswhichhavelistedtheirdebtsecuritiesandnon-cumulativeredeemablepreferencesharesontheexchanges,fordisclosingfinancialresults. "Theexistingformatsfordisclosureofhalfyearlyandannualfinancialresults,shallcontinuetilltheperiodendingonorbeforeDecember31,"Sebi ...