"The objective of investor protection is to separately show the amount due to them in the balance sheet under the Companies Act. Examples of such amounts are: unclaimed dividend, deposits, and share application money. Schedule VI is not applicable to the banking companies; and the format as provided under the Banking Regulation Act does not have any provision mandating the disclosure of funds due to the investors. With a good number of even public sector banks being listed on the stock exchanges, we need, in the interest of shareholders, an amendment to the format of bank balance sheets requiring the disclosure of investors' funds."
Hi CXOs, block a date! Here is a performance pit-stop!
* Do you lead performance in your domain, as a leader, professional, entrepreneur, author, a creative or innovative person, or a political leader (with clear development goals instead of divisive ones), or an elected representative (working towards a better world rather than selfish interests)? * Would you like to passionately talk about what you do? If the answer is YES to the above questions, connect right away, to schedule our meeting in Chennai. Check my Diary 2010 and block a date! Message to +91 94449 07996. Email Contact details