Hetal Soni (Work with CS Professional) (36 Points)
05 April 2012Dear All,
Can anybody guide me that if company submit it's unaudited accounts of last quarter withing 45 days than it is require to declare audited result of the company and if yes than what is the time limit.
i know for unaudited 45 days and audited 620 days but in above matter i want to know only it is necessary to declare audited result if they already declare unaudited result of last quarter and if yes what is the time limit ?
Thanks in Advance
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 06 April 2012
Yes, Audited Results are required to be approved and disclosed....
With the latest modification in the Listing Agreement now the Company has to mandatorily disclose its Audited Results for the Complete year within 60 days of the end of financial year....
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 06 April 2012
The Company has an option to submit audited or unaudited quarterly and year to date financial results within 45 days of the end of each quarter (other than the last quarter). If the Company opts to submit unaudited results it shall be subject to Limited Review by the Statutory Auditors of the Company and the Limited Review Report shall be furnished to the Stock Exchange within 45 days from the end of quarter. If the Company opts to submit audited results it shall be accompanied with audit report.
The Company shall submit Audited Financial Results for the entire financial year, within 60 days of the end of financial year. The Company shall also submit the audited financial results in respect of last quarter along with the results of the entire financial year along with the note that the figures of the last quarter are the balancing figures between the Audited Figures of the full financial year and the published year to date figures upto the third quarter of the current financial year.
It means now the Company has to mandatorily submit Audited Results for the last quarter and Entire Financial year together within 60 days of the end of financial year.
CAclubindia
