Listing Agreement
P.C. Joshi
(Querist) 12 November 2009
This query is : Resolved
pls let me know whether a board meeting is required to be called by a company for taking on rec ord limited review report where the L.R. was conducted after publishing unaudited results.
From the reading of clause 41 I understand that taking on record of LR by the board is necessary only where there is variation of 10% or more in the net profit/loss.
Pls revert.
Regards
P.c. Joshi
Raj Kumar Makkad
(Expert) 12 November 2009
if variation is less than 10% then there is no need for board meeting in view of provision/clause 41.1