compliance of sec 245 of companies ordinance - Printable Version +- Accountancy Forum (https://www.accountancy.com.pk/forum) +-- Forum: General (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=3) +--- Forum: General Discussion (https://www.accountancy.com.pk/forum/forumdisplay.php?fid=5) +--- Thread: compliance of sec 245 of companies ordinance (/showthread.php?tid=8980)

compliance of sec 245 of companies ordinance - zaid ali - 10-19-2010 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. - ciapk - 10-19-2010 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, - zaid ali - 10-20-2010 thank you dear for helping me out