SECURITIES AND EXCHANGE BOARD OF INDIA
SECONDARY MARKET DEPARTMENT
CIRCULAR NO 03/SMD/96
Sub : Amendment to Clause 32 of the Listing Agreement.
SEBI had received representations requesting us to modify the authentication requirement in respect of the Cash Flow Statement required to be given by the companies along with their Balance Sheet and the Profit & Loss Account, as per the requirement under Clause 32 of the Listing Agreement. They have requested that the authentication requirement for Cash Flow Statement should be identical to the authentication requirement for the balance Sheet and the Profit & Loss Account as laid down in the Section 215 of the Companies Act, 1956. The suggestion has been accepted by SEBI.
Point no 6 (vi) of Annexure A to our letter no SMD-I9N0/JJ/2331/95 dated June 26, 1995 regarding amendment of Clause 32 of the Listing Agreement now stands amended as under :
‘The statement shall be issued under the authority of the Board and shall be signed on behalf of the Board of directors in the manner provided for authentication of Balance-sheet and Profit and Loss Account in Section 215 of the Companies Act, 1956.”
The Stock Exchange have been advised to amend their Listing Agreement accordingly under intimation to us.
All the Officers in the Secondary Market Department may please take note of the above.
R. C. GUPTA
May 17, 1996