TMI BlogDISCLOSURES IN FINANCIAL RESULTSX X X X Extracts X X X X X X X X Extracts X X X X ..... pinion(s) [***] 1 in respect of audited financial results submitted or published under this para, the listed entity shall disclose such modified opinion(s) 2 [***] and cumulative impact of the same on profit or loss, net worth, total assets, turnover/total income, earning per share 3 [, total expenditure, total liabilities] or any other financial item(s) which may be impacted due to modified opinion(s) 4 [***], while publishing or submitting such results. 5 [BA. If the auditor has expressed any modified opinion(s), the management of the listed entity has the option to explain its views on the audit qualifications and the same shall be included in the Statement on Impact of Audit Qualifications (for audit report with modi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the three years succeeding the date of change in name: Provided that the tax expense shall be allocated between the said new line of business and other business of the listed entity in the ratio of the respective figures of net profit before tax, subject to any exemption, deduction or concession available under the tax laws. E. If the listed entity had not commenced commercial production or commercial operations during the reportable period, the listed entity shall, instead of submitting financial results, disclose the following details: (i) details of amount raised i.e. proceeds of any issue of shares or debentures made by the listed entity; (ii) the portions thereof which is utilized and that remaining unutilized; (iii) th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll also disclose similar material events or transactions that take place subsequent to the end of the quarter. J. The listed entity shall disclose the following in respect of dividends paid or recommended for the year, including interim dividends : (i) amount of dividend distributed or proposed for distribution per share; the amounts in respect of different classes of shares shall be distinguished and the nominal values of shares shall also be indicated; (ii) where dividend is paid or proposed to be paid pro-rata for shares allotted during the year, the date of allotment and number of shares allotted, pro-rata amount of dividend per share and the aggregate amount of dividend paid or proposed to be paid on pro-rata basis. K. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... -vis Indian GAAP and summary of significant differences between the Indian GAAP and US GAAP has to be annexed. (3) If financial results are prepared in accordance with IFRS, then listed entity shall annex only the summary of significant differences between the Indian GAAP and IFRS. (4) If the listed entity is shifting from IFRS to US GAAP or vice versa then the accounts relating to the previous period shall be properly restated for comparison; (5) The Accounting / Reporting Standard followed for any interim results shall be consistent with that of the Annual results. (6) The financial results so submitted shall be based on the same set of accounting policies as those followed in the previous year provided that in case, there are ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... listed entity shall ensure that, if Indian GAAP is followed in preparation of the financial results the format of the disclosure of financial results shall be as prescribed by the Board. (b) In case if Indian GAAP is not followed, the format of such disclosure shall be as per the disclosure requirements of the listed entity in the home country where the listed entity is listed. (3) The listed entity shall make disclosures of its financial information in its functional currency/reporting currency/national currency and the reporting currency shall be restricted to Sterling Pound/Euro/Yen/US Dollar. (4) The listed entity shall provide convenient translation into Indian Rupees of the latest year s/periods statements (as the case may b ..... X X X X Extracts X X X X X X X X Extracts X X X X
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