Determining the lease term, as per Ind AS 116, Leases, involves significant judgement, particularly in assessing enforceable rights, extension options, and termination clauses. It requires lessees to look at contractual terms in conjunction with the broader economic incentives and factors influencing lease decisions to determine lease term. This edition of Accounting and Auditing Update (AAU) includes an article that discusses the key factors involved in determining the lease term, complexities of lease modifications and lease re-assessments along with case studies.
In March 2025, the Securities and Exchange Board of India (SEBI) responded to the evolving needs to the issuer companies by introducing the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025 (ICDR Amendment Regulations 2025). These amendments bring several changes aimed at streamlining compliance and enhancing the efficiency and transparency of fundraising processes. This publication features an article that provides an overview of the ICDR Amendment Regulations 2025 discussing the key amendments such as introduction of voluntary proforma financials in Qualified Institutions Placement, amendments affecting the promoter / promoter group, simplification of rights issue process, harmonisation of provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, etc.聽
As is the case each month, we have also included a regular round-up of some recent regulatory updates in India and internationally. We would be delighted to receive feedback/suggestions from you on the topics we should cover in the forthcoming editions of AAU.
For more information on this update, please write to aaupdate@kpmg.com.
