Annual Reports

Sebi's vigorous aerobics enabled `disclosure par excellence' of companies tapping capital market. Information (on the company) attached to issue application forms - was revamped couple of years back, to keep up with the changing trends and needs.

No such enrichment is made in company annual reports. The information it carries is primitive. A contemporary look at annual report (Schedule VI and section 217 of Companies Act ) is imminent.

An impelling need arise to supplement the present balance sheet by:

Cash flow statement: a significant