Need for consolidated statement is for investor: SEBI

India Infoline News Service | Mumbai |

SEBI has sought views of RBI and Institute of Chartered Accountants of India in case of the issue of publication of consolidated results by listed companies

SEBI chairman UK Sinha on Friday said that the tax relief for mutual fund linked retirement plans would be included in Section 80C limit of Rs. 1.5 lakh.
Sinha further said that no additional tax relief window will be available for such an investment.
Speaking about the issue of publication of consolidated or standalone results by listed companies, Sinha said the ‘requirement for consolidated statement is in the interest of the investor’. Therefore, it has been prescribed.
SEBI has also sought views of RBI and Institute of Chartered Accountants of India in case of the issue of publication of consolidated or standalone results by listed companies.
Sinha was in Coimbatore for a meeting on the role of capital markets in SME funding.


 

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