As per clause 41 of listing agreement.
(ea) As a part of its audited or unaudited financial results for the half year, the company shall also submit by way of a note, a statement of assets and liabilities as at the end of the half-year.
Please clarify whether statement of assets and liabilities is required to submit & publish for 6 month ended septmber & march or for Only Sept.
Dear Suraj,
Simple reading of sub clause (ea) of Clause 41 provides that only in September Statement of Assest and Liabilities are to be submitted. But this sub clause is to be read with sub clause (eaa) as under:-
"However, when a company opts to submit unaudited funancial results for the last quarter of the financial year, it shall, submit a statement of assets and liabilities as at the end of the financial year only along with the audited financial results for thentire financial year, as soon as they are approved by the BOard."
Accordingly, when we read sub clause (ea) along with sub clause (eaa) it is quite clear that the Statement of Assets and LIabilities is to be submitted for each half year i.e. for September and March both.
| Originally posted by : CS Ankur Srivastava | ||
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Dear Suraj, Simple reading of sub clause (ea) of Clause 41 provides that only in September Statement of Assest and Liabilities are to be submitted. But this sub clause is to be read with sub clause (eaa) as under:- "However, when a company opts to submit unaudited funancial results for the last quarter of the financial year, it shall, submit a statement of assets and liabilities as at the end of the financial year only along with the audited financial results for thentire financial year, as soon as they are approved by the BOard." Accordingly, when we read sub clause (ea) along with sub clause (eaa) it is quite clear that the Statement of Assets and LIabilities is to be submitted for each half year i.e. for September and March both. |
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Thank you Ankur Sir.
CAclubindia
