The award under different categories is conferred on the basis of evaluation administered by ICAI’s committee for the degree of compliance with the accounting standards, statutory guidelines and other relevant pronouncements which also include governance.
New Delhi, Delhi, February 1, 2010 /India PRwire/ — Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions, announced today that the Annual Report and Accounts of the Company for year ended March 31, 2009, has been adjudged as the BEST under the category ‘Information Technology, Communication and Entertainment enterprises’ of the ‘ICAI Awards for Excellence in Financial Reporting’, by the Institute of Chartered Accountants of India (ICAI). Nucleus Software has won the GOLD SHIELD for the 2nd consecutive year.
The award under different categories is conferred on the basis of evaluation administered by ICAI’s committee for the degree of compliance with the accounting standards, statutory guidelines and other relevant pronouncements which also include governance.
The ICAI Awards reflect ‘accolades’ for accounting practices adopted by organizations in the preparation of their financial statements without regard to their financial condition and operating performance. The award for Nucleus Software reflects and reinforces its commitment towards adhering to statutory, legal and regulatory requirements and compliance with the accounting and financial reporting standards, codes and practices.
Nucleus Software has also been selected for the fourth consecutive year as one of the”Top 25 Companies Adopting Good Corporate Governance Practices” for the year 2009, by the Institute of Company Secretaries of India (ICSI).
Extremely prestigious and a symbol of excellence in itself, ICSI adopts a tough and rigorous process, for selection of the Top 25 companies all over the country. The Institute, in pursuit for excellence and to identify, foster and reward the culture of evolving globally acceptable standards of Corporate Governance among Indian companies, instituted the award in 2001. The recognition is based on multiple criteria such as ethical business conduct, transparency, integrity, maintaining sustainable relationships with all stakeholders in its corporate family, corporate social responsibility and future vision.
Vishnu R Dusad, CEO & Managing Director said, “This recognition by The Institute of Chartered Accountants of India is a testimony to our commitment towards maintaining the highest levels of transparency in our accounting practices. We have always been a strong proponent of good Corporate Governance and constantly strive to reflect the same in all our processes which in turn translates into increased confidence towards the Company from both existing and potential customers.”
