REC Clinches ICAI Award for Outstanding Financial Reporting in FY 2022-23

Daily Current Affairs / REC Clinches ICAI Award for Outstanding Financial Reporting in FY 2022-23

Change Language English Hindi

Category : Awards Published on: January 19 2024

Share on facebook

REC Limited, a prominent NBFC under the Ministry of Power, received the ICAI Award for Excellence in Financial Reporting for FY 2022-23.
The award falls under the 'Financial Services Sector (Other than Banking and Insurance)' category.
REC was recognized for its outstanding accounting practices, disclosure policies, and presentation of financial statements.
The selection was based on compliance with Indian Accounting Standards, statutory guidelines, and regulations.
The prestigious plaque was received by REC officials from the Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai, at a ceremony in Raipur.
The award ceremony was attended by Cabinet Ministers, ICAI President CA Aniket Sunil Talati, and other dignitaries.