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Sebi drops proceedings against Prime Focus in misleading financials case
Sebi has closed adjudication proceedings against Prime Focus and its directors, ruling that the company correctly accounted for business transfers to indirect subsidiaries. The regulator found no evidence of misleading financial statements, accounting irregularities, anti-fraud violations or improper profit recognition.
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economictimes.indiatimes.com
Sebi drops proceedings against Prime Focus in misleading financials case
Sebi has closed adjudication proceedings against Prime Focus and its directors, ruling that the company correctly accounted for business transfers to indirect subsidiaries. The…
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thehindubusinessline.com
SEBI closes Prime Focus accounting case, clears company and directors
SEBI clears Prime Focus and its directors of accounting irregularities, affirming compliance with financial standards in intra-group transactions.
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Prime Focus shares in focus as SEBI halts proceedings in misleading financials case
Sebi closed adjudication proceedings against Prime Focus and its directors after concluding the company applied the correct accounting treatment in business transfers to indirect…