clause 41 (d). of the standard listing agreement of BSE states that the audited annual a/cs be submitted in 60 days, along with the last quarter's audited a/cs.
clause 41 (eaa) thereof states that when a co. opts to submit un-audited a/cs. for the last quarter, it can do so by submitting statemement of assets and liabilities at the end of the f.y. only with audited financial a/cs., as soon as they are approved by the board..
query :
1. both para are independent of each other or to be read together?
because independently under (eaa) the last quarter results can be submitted in 45 days in terms of 41 (c). but it does not cap the time limit for holding the board meeting for audited a/cs.- i.e. can it be held beyond 60 days?
2. but if read together the board meeting has to be held in 60 days for f.y. audited results, whether last Q's result are declared as un-audited in 45 days or declared as audited abd submitted along with it.
request to throw light on the subject.
CAclubindia
