The Securities and Exchange Board of India on 14th October 2021 has published the revised formats for limited review and audit reports to be submitted by entities that have listed their non-convertible securities.
SEBI has earlier mandated entities that have listed non-convertible securities to disclose financial results on a quarterly basis, including assets & liabilities and cash flows as well as requiring certain changes in the line items in the financial results.
Therefore SEBI has notified the formats for limited review/ audit reports on financial information to be adopted by listed entities other than insurance companies. Insurance companies would disclose limited review/ audit reports as per the formalities specified by Irdai.
The formats would be applicable for limited review reports for quarterly standalone financial results for banks and NBFCs as well as entities other than banks and NBFCs.
