Accountancy Forum

sec 245 of companies ordinance states that "every listed company shall within one month of close of first second and third quarter of its year of accounts , prepare and trnsmit to the member and stock exchange"
the general practice of submission of half year accounts is two months.

Dear Zaid,

It is not a non compliance as The Commission, considering the practical difficulties faced by the company’s management, has granted a general relaxation of one month to the listed companies,
permitting them to circulate second quarter accounts with limited scope review by their statutory auditors within a period of two months of the close of second quarter.(Commission’s Circular 9 dated March 19, 2003)

Regards,

thank you dear for helping me out