Clause 41 of the Listing Agreement

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udit sharma (Querist)
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23 December 2010 Hi..

As per clause 41 of the Listing Agreement, whether the Limited Review is to be undertaken by the Statutory Auditor before the Unaudited Quarterly Financial Results are placed before the Board or after the same has been submitted to the SE???????

God Bless

Udit Sharma

Ajay Mishra

Ajay Mishra (Expert)
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23 December 2010 Hi

As per Clause 41:
In case the company opts to submit unaudited financial results, they shall be subjected to limited review by the statutory auditors of the company (or in case of public sector undertakings, by any practicing Chartered Accountant) and a copy of the limited review report shall be furnished to the stock exchange within forty-five days from end of the quarter.

In case the company opts to submit audited financial results, they shall be accompanied by the audit report

As a normal practice is that the limited review report should be undertaken by the Auditor on the date on which the financial result is adopted and reviewed by the Board and submit stock exchange accordingly.

Regards
CS Ajay Mishra

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