The ‘Shield Panel’, a sub-committee of the Research Committee of the Institute, conducts the competition for the ‘ICAI Awards for Excellence in Financial Reporting’ annually, with a view to promote better standards in the presentation of information in the financial statements. The Panel evaluates the Annual Reports and other documents pertaining to the participant organisations. The Panel, in deciding awards, inter alia, considers compliance with Accounting Standards, statutory and regulatory requirements and other relevant pronouncements. However, in cases where certain minimum standards of the quality of information are not met, the Panel decides not to give awards.

Awardees for the Year 2008-09

Category Award Name of the Entity Annual Report and Accounts for the year ended
I Manufacturing

and                Trading
enterprises
(including Processing, Mining,

Plantations,        Oil

and                    Gas
enterprises)

Gold Shield ACC Limited December 31, 2008
Silver Shield Dr. Reddy’s Laboratories Limited March 31, 2009
Plaque for Commended Annual Report Hero      Honda      Motors
Limited
March 31, 2009
II Banking            and
Financial Institutions
(including   NBFCs,
Mutual Funds, Unit

Trust      of      India,
Investment

Bankers,       HFCs,
etc.)

Gold Shield Axis Bank Limited March 31, 2009
Silver Shield ICICI Bank Limited March 31, 2009
Plaque              for
Commended Annual Report
Capital Local Area Bank Limited March 31, 2009
III Service Sector (including Hotels, Consultancy, Transport, Stock Exchanges, R&D, Private Hospitals) Gold Shield Decided not to give the award
Silver Shield Bombay Stock Exchange Limited March 31, 2009
Plaque for Commended Annual Report Decided not to give the award
IV Insurance Sector Gold Shield ICICI Prudential Life Insurance Co. Limited March 31, 2009
Silver Shield Birla Sun Life Insurance Company Limited March 31, 2009
Plaque              for
Commended Annual Report
IFFCO-TOKIO General Insurance Co. Limited March 31, 2009
V Information Technology, Communication and

Entertainment enterprises

Gold Shield Nucleus Software Export Limited March 31, 2009
Silver Shield Decided not to give the award
Plaque              for
Commended Annual Report
Persistent Systems Ltd. March 31, 2009
VI Infrastructure & Construction Sector (including Power Generation and Supply, Port Trusts, Metro, Roads Gold Shield Decided not to give the award
Silver Shield Nagarjuna Construction Company Limited March 31, 2009
Plaque              for
Commended Annual Report
Larsen & Toubro Limited March 31, 2009
VII Others (Section 25 companies, Educational Institutions, NGOs, Charitable hospitals and other organisations) Gold Shield The Akshaya Patra Foundation March 31, 2009
Silver Shield Vidya Dairy March 31, 2009
Plaque              for
Commended Annual Report
Decided not to give the award

More Under CA, CS, CMA

Posted Under

Category : CA, CS, CMA (3751)
Type : Articles (16992) News (13637)
Tags : ICAI (2604)

Leave a Reply

Your email address will not be published. Required fields are marked *