Ever since its inception, SEBI has been seamlessly endeavouring to enhance the cognitive levels of investors with respect to the fundamentals of the companies raising funds through initial and further public offers, as part of which, the market and accounting regulators have been mandating the issuers to foster certain guidelines with respect to the disclosure of financial statements and the policies practiced in preparing such statements. SEBI has conglomerated all the earlier guidelines after making the necessary tweaks and brought out Issue of Capital and Disclosure Requirements (ICDR) in the years 2009 and 2015 and furthered amendments to these requirements to reconcile with the market dynamics, the result of which is unveiled in the form of ICDR Guidelines 2018. The proponents of ICDR 2018 along with SEBI have proffered that the new set of disclosure requirements are more robust and help the investors understanding the financial position of the issuers comparing to those of previous disclosure norms. Thus, there is a need to study whether new disclosure norms are lucid and improves the awareness levels of investors. Therefore a paper titled “Study on Investor’s Awareness on ICDR Guidelines with Respect to Financial Statements” is proposed with the twin objectives of understanding the disclosure requirements and assessing the awareness levels of investors on the said requirements.

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Keywords: Financial Statements, Disclosure Requirements and ICDR 2018.