Adani Enterp. 2445.20↑16.05(0.66%)
Adani Ports 736.60↑0.20(0.03%)
Apollo Hospitals 4933.35↑6.70(0.14%)
Asian Paints 3205.00↓-7.25(-0.23%)
Axis Bank 974.85↑12.75(1.33%)
B P C L 363.60↑2.50(0.69%)
Bajaj Auto 4793.50↓-7.15(-0.15%)
Bajaj Finance 7048.00↑37.90(0.54%)
Bajaj Finserv 1469.70↑2.30(0.16%)
Bharti Airtel 831.95↓-4.05(-0.48%)
Britannia Inds. 4913.00↑37.95(0.78%)
Cipla 965.35↓-0.05(-0.01%)
Coal India 229.10↑1.00(0.44%)
Divi's Lab. 3473.20↓-26.50(-0.76%)
Dr Reddy's Labs 4682.20↑32.80(0.71%)
Eicher Motors 3638.45↓-18.95(-0.52%)
Grasim Inds 1728.25↑16.30(0.95%)
H D F C 2655.75↑1.95(0.07%)
HCL Technologies 1122.75↓-4.00(-0.36%)
HDFC Bank 1611.45↑2.75(0.17%)
HDFC Life Insur. 589.15↓-4.75(-0.80%)
Hero Motocorp 2974.15↑9.35(0.32%)
Hind. Unilever 2646.45↓-33.45(-1.25%)
Hindalco Inds. 416.70↓-1.55(-0.37%)
ICICI Bank 939.20↑1.30(0.14%)
IndusInd Bank 1330.00↑26.15(2.01%)
Infosys 1268.35↓-14.45(-1.13%)
ITC 441.80↓-1.10(-0.25%)
JSW Steel 752.80↑4.00(0.53%)
Kotak Mah. Bank 1876.10↓-10.40(-0.55%)
Larsen & Toubro 2357.85↑17.55(0.75%)
M & M 1366.60↓-14.45(-1.05%)
Maruti Suzuki 9675.00↑16.40(0.17%)
Nestle India 22129.55↓-19.35(-0.09%)
NTPC 181.15↓-0.90(-0.49%)
O N G C 154.85↓-1.25(-0.80%)
Power Grid Corpn 242.65↑1.00(0.41%)
Reliance Industr 2493.65↓-6.00(-0.24%)
SBI Life Insuran 1248.60↑9.70(0.78%)
St Bk of India 584.65↓-3.85(-0.65%)
Sun Pharma.Inds. 983.00↓-4.00(-0.41%)
Tata Consumer 808.10↑1.00(0.12%)
Tata Motors 563.65↑3.95(0.71%)
Tata Steel 109.75↓-1.40(-1.26%)
TCS 3222.20↓-14.25(-0.44%)
Tech Mahindra 1062.90↓-8.40(-0.78%)
Titan Company 2883.40↑6.40(0.22%)
UltraTech Cem. 8206.50↑106.35(1.31%)
UPL 690.30↑0.25(0.04%)
Wipro 396.85↓-2.70(-0.68%)

Sebi tightens norms to deal with abrupt resignations of auditors

The market regulator has said that an auditor will have to provide review - limited or complete audit report - for the quarter during which it resigns

Posts of chairman, MD in listed firms may cease to be all in the family

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3 min read Last Updated : Oct 19 2019 | 1:56 AM IST

The Securities and Exchange Board of India (Sebi) on Friday tightened the rules around resignations of auditors from listed companies.

The market regulator has said that an auditor will have to provide review — limited or complete audit report — for the quarter during which it resigns. For instance, if the auditor decides to resign in August 2019, it will have to issue the review for the quarter ended September 30, 2019.

Similarly, if the auditor signs the audit report for all the quarters of a financial year, except the last quarter, then it will have to finalise the audit report for the entire financial year. Sebi has said if the listed company or its material subsidiary does not provide the required information, the auditor shall provide an appropriate disclaimer in the audit report.