3rd April 2014


Sub: SEBI Circular No. CIR/CFD/DIL/1/2014 dated March 25, 2014 on Format for Auditors' Certificate required under Clause 24(i) of the Equity Listing Agreement

To all listed companies

Attention of all listed companies of the Calcutta Stock Exchange is drawn to SEBI Circular Ref. No. CIR/CFD/DIL/1/2014 dated March 25, 2014 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.gov.in ) wherein it “ requires that the company, while filing for approval of any draft scheme of amalgamation / merger / reconstruction, etc. with the stock exchange under Clause 24(f), shall also file an auditors’ certificate to the effect that the accounting treatment contained in the scheme is in compliance with all the Accounting Standards specified by the Central Government in Section 211(3C) of the Companies Act, 1956. It has been observed that the Auditors' Certificate filed by the companies are in different format and there is no standardisation.”

"it has been decided to prescribe a standard format for Auditors’ Certificate and the same is placed at Annexure A, which shall be followed by the companies."

Accordingly, clause 24(i) of the Equity Listing Agreement will be amended.

In view of the above, all listed companies of CSE are advised to strictly adhere and comply with the provision in a timely manner.


M.A.V. Raju