financial health

Market regulator the Securities and Exchange Board of India (Sebi) today asked credit rating agencies (CRAs) to adopt standard symbols and definitions devised by it within four months, a move that will help investors to better understand financial health of firms. 'It has been felt that there need to be common rating symbols and definitions for easy understanding...By investors and to achieve high standards of integrity and fairness in ratings,' the regulator said. Full Article

With airlines deep in red and reports of dues to employees and vendors becoming common, the government may soon subject them to a detailed financial audit. Aviation minister Praful Patel on Thursday told Parliament that the DGCA had recommended such an exercise for airlines "in deep financial distress". Full Article

Presently, all registered companies in India are required, inter-alia, under section 210 of the Companies Act, 1956 to lay down before its share holders, during its annual general meeting, a balance sheet, providing a statement of assets and liabilities of the company as at the end of the financial year. In terms of the above [...] Full Article