• Forward Looking Information: Tomorrow’s Hope And Today’s Trust For An Informed Decision

    Author(s):
    Ipsita Rout, KIIT SCHOOL OF LAW, KIIT UNIVERSITY
    Contributor(s):
    IJLLR (see profile)
    Date:
    2021
    Subject(s):
    Law
    Item Type:
    Article
    Permanent URL:
    http://dx.doi.org/10.17613/7ya4-1948
    Abstract:
    Information is everything in the contemporary world. And without it, every decision is baseless. John Smith once said that one should, always keep one foot in the past, your head in the present, and your eyes to the future. In this paper, we shall be discussing the corporate reporting regime of Forward-Looking Information or Statements nationally and internationally. Backward-looking information or past information is not sufficient for investors to make an informed and economic decision with respect to investment. Whereas forward looking information is the backbone of effective decision-making in the capital market. Voluntary disclosure of forward looking information is an indication of transparency, reliability, and integrity of a company. It is based on these factors that an investor will assess the credibility of a company and invest their funds. This paper is divided into six segments. Firstly, the introduction where we will understand what Forward-Looking information all is about. Secondly, the importance of forward-looking information in the contemporary economic world. Thirdly, the need for regulation in information sphere with regards to FLI. Fourthly, we shall scrutinise the United Nations Conference on Trade and Development to understand the gaps and seek recommendations from present models or practices in the world. Fifthly, we shall investigate the Indian context of the debate and understand the gravity of urgency for regulatory approaches. And lastly, the empirical research on Annual reports of top NIFTY-50 companies to measure the situation with our understanding of the concept and ending with recommendations and conclusion. Keywords: Forward-looking Information, United Nations Conference on Trade and Development, Indian regulatory approaches, Annual reports on NIFTY-50.
    Metadata:
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    Published as:
    Journal article     Show details
    Pub. DOI:
    http://doi-ds.org/doilink/06.2021-98326148/IJLLR/V2/I1/A18
    Publisher:
    IJLLR | Indian Journal of Law and Legal Research
    Pub. Date:
    01-06-2021
    Journal:
    Indian Journal of Law and Legal Research
    Volume:
    2
    Issue:
    1
    Page Range:
    176 - 203
    ISSN:
    2582-8878
    Status:
    Published
    Last Updated:
    2 years ago
    License:
    Attribution-NonCommercial
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