The changes are part of norms on 'Issue of Capital and Disclosure Requirements' for listed firms. These are aimed at aligning existing rules with that of the Companies Act, 2013.
    
Securities and Exchange Board of India (Sebi) today said the revised format of 'Statement of Assets & Liabilities' would be "applicable for all draft/final offer documents filed with the Board (Sebi)...".
     
The revised illustrative format include disclosures of equity and liabilities, current and non-current liabilities as well as current and non-current assets, according to a circular by the market regulator today.
     
As per Sebi, the revised format is "in line with the requirements of Companies Act, 2013 as Schedule III of Companies Act, 2013 has adopted the same format as notified under revised Schedule VI of Companies Act, 1956".
     
It mainly relates to general instructions for preparation of balance sheet and statement of profit and loss of a company.

(Agencies)

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