Listed companies to provide Annual Information Memorandum (AIM)

The Securities and Exchange Board of India (SEBI) has asked all listed companies to prepare an annual document where all relevant information is available at one place. The document shall be known as ''Annual Information Memorandum'' (AIM)

AIM which would be comprehensive in nature will be in addition to the Annual Reports with an objective to provide shareholders and prospective shareholders with accurate and relevant information about the financial and operating performance of a company for the purpose of making an informed investment decision.

AIM would contain reports such as Corporate Governance Report, Business Responsibility Report and Related Party disclosures etc. thereby removing the need of such disclosures from the Annual Reports  and limiting its scope only to the requirements under the Companies Act, 1956 / Companies Act, 2013.

SEBI has proposed that the frequency of preparation of AIM to be on yearly basis and shall be disseminated within 135 days from the end of financial year electronically by uploading the same on a company's website and simultaneous filing with the stock exchanges.