MANDATORY AND VOLUNTARY DISCLOSURE OF INDIAN COMPANIES- A STUDY WITH REFERENCE TO INVESTORS IN CHENNAI REGION

The paper has made an attempt the Opinion of the investors regarding mandatory and voluntary disclosure of Indian Companies. Disclosures of the annual report submitted by companies are divided into two mandatory disclosure and voluntary disclosure. Express mandatory disclosure of information is presented in the nancial statements as set Securities and Exchange Commission. Voluntary disclosure conveys information provided voluntarily by companies outside the mandatory disclosure. Voluntary disclosure is a disclosure of information beyond the minimum requirements of the applicable capital market regulations. Financial statements is to provide information about the nancial position, performance and changes in nancial position of an enterprise that is useful to a wide range of users in making economic decisions. Financial statements should be understandable, relevant, reliable and comparable. Corporate accounting disclosure is of great signicance to accomplish nancial accounting objectives as well as to contribute to the efcient allocation of resources through healthy economic decisions. The disclosure of accounting practices have developed in accordance with the changing economic, political, technological and social environments to accomplish the objectives of nancial reporting.