Inadequate annual report
This query is : Resolved
22 August 2009
A BSE listed company,ended operations of its subsidiary company during 2008-09.
Though there's turnover of 500 crores in that subsidiary during 2008-09,this listed company is not prepared to disclose subsidiary's balance sheet, P&L and all subsequent details.
As a shareholder I feel unjustified. Do I've any legal or institutional support to ask to the management?
Though there's turnover of 500 crores in that subsidiary during 2008-09,this listed company is not prepared to disclose subsidiary's balance sheet, P&L and all subsequent details.
As a shareholder I feel unjustified. Do I've any legal or institutional support to ask to the management?
22 August 2009
Refer Section 219(1) of the Companies Act, 1956.
Regards
Regards
22 August 2009
Dear Mr Ankur,
Refered sec 219(1),it nowhere mentioned about "subsisdiary company". Cud you pls forward specific details.
Refered sec 219(1),it nowhere mentioned about "subsisdiary company". Cud you pls forward specific details.
22 August 2009
yes...for more detail refer sec 219(1)
22 August 2009
As per section 219 co. is reqd to provide its shareholder annual accounts
and under section 212 co. is required to attach the accounts of its subsi. companies unless exempted by CG.
Under section 219 u can ask the annual accounts.
and under section 212 co. is required to attach the accounts of its subsi. companies unless exempted by CG.
Under section 219 u can ask the annual accounts.
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