Significant Factors for Selection of Awardees :

1 Compliance with Accounting Standards and other requirements as per the Companies Act and/or other applicable statutes.

2. Compliance with the requirements of concerned regulators e.g., RBI in case of banks and SEBI in case of listed companies, in preparation and presentation of financial statements.

3. Compliance with Guidance Notes and other authoritative literature issued by the ICAI and other applicable institutional framework.

4. Comprehensiveness, adequacy, quality and content of disclosures required under the relevant Accounting Standards, Schedule III to the Companies Act, 2013, concerned Regulators, Guidance Notes issued by ICAI, etc.

5. Clarity, adequacy and disclosure of accounting policies.

6. The contents of quarterly results, in particular, the clarity and comprehensiveness of the notes explaining financial results and variations, if any, over quarters or between audited and unaudited results.

7. Statement of Value Added and its distribution amongst Government, Shareholders, employees and the enterprise.

8. Ratio Analysis with description of formulae and Explanatory Statements by Management with brief comparative analysis of performance of the entity.

9. The nature and quality of financial information presented in annual reports to enable informed decision making. The following are the generally applied key considerations:

 Judicious use of schedules, proper cross references to schedules, use of sub-totals, manner of showing comparative figures, ease of references, use of rounding off parameters.

 Extent to which financial information is presented and analysed through charts, tables and graphs.

 Extent of clarity, lucidity and comprehensiveness of the information contained in the results/financial statements from the view point of individual/small shareholders.

 Additional information or measures like integrated reporting, human resource accounting, inflation adjusted accounting, social responsibility accounting, etc.

10. The extent, nature and quality of non-financial information presented in annual reports. The following information is generally considered relevant in this regard:

 Comprehensiveness and adequacy of management discussion and analysis – overview of the state of affairs of the Company including a general review of performance of the entity as a whole and that of its divisions, activities of subsidiary/associates, nature of risks associated with the activities, how these are addressed, future outlook.

 Description of various risks faced by various businesses of the Company as a whole and steps taken to prioritise, mitigate and monitor identified risks.

 Description of the Company’s policy relating to human resource engagement, training and development, including information on measures taken by the company to meet its obligations and responsibilities towards employees.

 Corporate Social Responsibility – policy and practice – information regarding policy of the company relating to corporate social responsibility and how it has been applied in practice including contribution to community developments projects etc.

 Measures taken by the company towards environment protection, sustainable development and growth of the business as well as 4Ps bottom line reporting. 4Ps include Product, Profit, Planet, People.

 Corporate governance policies, manner and extent of compliance.