Date of limited review report
This query is : Resolved
21 February 2012
Dear All,
My query is:
A meeting is to be held on 14.02.2012 to adopt unaudited quarterly results of Dec. 2011. But the meeting got cancelled. The new date of meeting is 27.02.2012. What will be the date in the limited review report? Will it be before 14.02.2012 (before 45 days from the end of the quarter) or after 14.02.2012?
My query is:
A meeting is to be held on 14.02.2012 to adopt unaudited quarterly results of Dec. 2011. But the meeting got cancelled. The new date of meeting is 27.02.2012. What will be the date in the limited review report? Will it be before 14.02.2012 (before 45 days from the end of the quarter) or after 14.02.2012?
22 February 2012
Date on Limited Review Report - 27.02.2012
22 February 2012
Thank you Mr. Mitesh. Can you suggest me the clause where i can get a reference of it. I have referred Clause 41 which says that Limited review report should be sent within 45 days from the end of the quarter. It also says that it goes along with financial results.
22 February 2012
As per Clause 41 (II)(d), The limited review report is required to be placed before the Board Meeting before submitting the same to the Stock Exchanges. As date of meeting is 27/02/2012, limited review report will be placed on 27/02/2012.
22 February 2012
Thank you Mr. Mitesh for the detailed explanation. It is valuable for me.
22 February 2012
To Mitesh,
Just for knowledge sake i want to ask isn't it a violation of Clause 47(d) which requires submission of Quarterly report and limited review within 45 days of end of the quarter.
Just for knowledge sake i want to ask isn't it a violation of Clause 47(d) which requires submission of Quarterly report and limited review within 45 days of end of the quarter.
22 February 2012
Dear Charu,
Yes as per clause 41 (I)(c)its a violation. Board meeting need to be held within 45 days of end of each quarter to approve the quarterly results.
Yes as per clause 41 (I)(c)its a violation. Board meeting need to be held within 45 days of end of each quarter to approve the quarterly results.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
