Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

The Securities and Exchange Board of India (SEBI) has asked all listed companies to prepare an annual document where all relevant information is available at one place. The document shall be known as ''Annual Information Memorandum'' (AIM)

AIM which would be comprehensive in nature will be in addition to the Annual Reports with an objective to provide shareholders and prospective shareholders with accurate and relevant information about the financial and operating performance of a company for the purpose of making an informed investment decision.

AIM would contain reports such as Corporate Governance Report, Business Responsibility Report and Related Party disclosures etc. thereby removing the need of such disclosures from the Annual Reports  and limiting its scope only to the requirements under the Companies Act, 1956 / Companies Act, 2013.

SEBI has proposed that the frequency of preparation of AIM to be on yearly basis and shall be disseminated within 135 days from the end of financial year electronically by uploading the same on a company's website and simultaneous filing with the stock exchanges.

"Loved reading this piece by Guest?
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"




Tags :

  Views  2305  Report



Comments
img