"Transparency is a pivotal feature in the market-based monitoring of companies and is central to shareholders ability to exercise their ownership rights on an informed basis which can help attract capital and maintain co

Company's Website Disclosures under the Companies Act, 2013 and the Rules made thereunder: (i) Placing of financial statements and other documents of a listed company on the website [Section 136(1)] of the Companies Act, 2013] A listed company shall also place its financial statements including consolidated financial statements, if any, auditor's report and all other documents required by law to be attached thereto, on its website, which is maintained by or on behalf of the company. Every listed company having a subsidiary or subsidiaries shall place separate audited accounts in respect of each of its subsidiary on its website, if any. Provided also that a listed company which has a subsidiary incorporated outside India (herein referred to as "foreign subsidiary") where such foreign subsidiary is statutorily required to prepare consolidated financial statement under any law of the country of its incorporation, the requirement of this proviso shall be met if consolidated financial statement of such foreign subsidiary is placed on the website of the listed company; where such foreign subsidiary is not required to get its financial statement audited under any law of the country of its incorporation and which does not get such financial statement audited, the holding Indian listed company may place such unaudited financial statement on its website where such financial statement is in a language other than English, a translated copy of the financial statement in English shall also be placed on the website. A similar provision is also available in Regulation 46 of the SEBI (LODR) Regulations.