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Companies' P&L accounts to have separate CSR Expenditure head

If a company spends more than the mandatory two percent of profit for Corporate Social Responsibility (CSR), the excess amount can not be carried forward for any set off against future CSR expenses.

New accounting norms to have minimum number of 'carve outs'

Gearing up to implement the new set of accounting standards that are converged with global norms, the government is likely to keep the number of "carve outs" to the minimum.

Sebi revamps expert panel on disclosures, accounting standards

Sebi has reorganised its committee on disclosures and accounting standards that advises the market regulator on matters related to disclosure requirements and accounting practices for various market participants.