Voices on Reporting : June 2016

Voices on Reporting : June 2016

In this month’s call, we covered key financial reporting and regulatory matters that are expected to be relevant for stakeholders as they approach the quarter ending 30 June 2016.



Our call included updates from the Ministry of Corporate Affairs (MCA), the
Securities and Exchange Board of India (SEBI), the Reserve Bank of India (RBI), the Institute of Chartered Accountants of India (ICAI), etc. Some of the recent emerging issues on which we provided an update on the call are as follows:

  • Ind AS reminders
  • Constitution of National Company Law Tribunal and notification of certain related sections of the Companies Act, 2013     
  • Report regarding framework for computation of book profit for the purposes of levy of MAT for Ind AS compliant companies
  • SEBI’s revised procedure for listed entities to disclose the impact of audit qualifications   
  • Notification of provisions relating to special courts
  • Guidance Note on Accounting for Real Estate Transactions issued by the ICAI.




Slide deck - June 2016(PDF, 732 KB)


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