Gear Up To Comply With Clause 41 Of Listing Agreement

As listed Corporates are aware that SEBI, in the month of October 2011, made certain amendments to the Listing Agreement, including Cl 41 thereof.

Ms. Anjali Aggrawal
Vice President
As per new sub clause (I)(d) and (e) of Clause 41, in respect of the last quarter, the option to submit unaudited results within 45 days has been dispensed with and all the Listed Companies have to mandatorily submit the Annual Audited Financial Results prepared on both stand-alone as well as consolidated basis within the specified period of 60 days from the end of the Quarter.

Now, that the last quarter of the Financial Year 2012-13 has ended, thus all the Listed Companies (with April to March Financial Year), will have to gear up for having their as well as their Subsidiaries’ Audits completed and prepare not just their own financial results but also for their Subsidiaries and submit the same with the Stock Exchanges by 30th May, 2013.
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