SEBI ACT & COMPANY ACT?????
This query is : Resolved
CA Lokesh Pokharna
(Querist)
17 September 2010
if public co. does not showing its qtr. results as per sebi guidlines from last 3 qtrs then what is the positions of its investors????wht can investors do???wht r the reliefs for investors acr. to sebi guidlines?
Ankur Garg
(Expert)
18 September 2010
Hi,
For a public listed company it is mandatory to disclose its quarterly results in accordance with clause 41 of listing agreements. In case of non-compliance STX can take action against the company suo moto or investor can file complaint against the company in sebi or stx.
For a public unlisted company it is not mandatory to disclose its quarterly results in accordance with clause 41 of listing agreements.
In other words in public unlisted company an investor can not ask for quarterly results.
Regards
For a public listed company it is mandatory to disclose its quarterly results in accordance with clause 41 of listing agreements. In case of non-compliance STX can take action against the company suo moto or investor can file complaint against the company in sebi or stx.
For a public unlisted company it is not mandatory to disclose its quarterly results in accordance with clause 41 of listing agreements.
In other words in public unlisted company an investor can not ask for quarterly results.
Regards
Praveen Sharma
(Expert)
18 September 2010
agree with Sir Ankur Garg.
Regards
P
Regards
P
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