Sebi publishes revised formats for issuers of non-convertible securities


Market regulator Sebi on Thursday released revised formats for limited review and audit reports to be submitted by entities that have listed their non-convertible securities.

The revised formats relate to limited review and audit reports for banks and NBFCs as well as other entities, excluding insurance companies.

Insurance companies would release limited review / audit reports in accordance with formalities specified by Irdai, Sebi said in a circular.

The formats would be applicable to review reports for the stand-alone quarterly financial results of banks and NBFCs as well as entities other than banks and NBFCs. In addition, it should be followed for the audit reports for the stand-alone quarterly financial results as well as for the consolidated annual financial results to be submitted by all these entities.

Sebi said the circular would go into effect with immediate effect.

The circular will also replace the circulars published in November 2015 and August 2016 regarding listed entities for the disclosure of financial results that have listed non-convertible debt securities and non-convertible redeemable preferred shares.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor


Leave A Reply