Govt plans quarterly, half-yearly financial statement reporting norm for unlisted companies

The aim is to have updated financial details about systemically-important companies that are not listed. Listed companies are required to disclose their financials every three months under Sebi regulations. In the case of unlisted companies, they are currently not required to furnish financial statements on a quarterly or half-yearly basis.

from Markets-Economic Times https://ift.tt/39IjD8I