04-02-2008, 12:02 AM
Dear,
I said after 30 June 2007 the time period for AGM is 3 months for all companies from the date of the balance sheet. Earlier it was 4 months. And before that it was 6 months.
Yes, listed companies have to announce the date of AGM to stock exchanges. Unlisted do not have to do so.
For half yearly accounts, meeting of Audit committe and meeting of Board of Directors is required. Since no general meeting is required, no member is invited other than directors.
Half yearly accounts have to be finalized / issued within 2 months of balance sheet date (for that half year) but there is no requirement (in my knowledge) to notify schedule of such meetings in advance to stock exchanges. Code of corporate governance requires to issue accounts within 2 months.
Listed companies have to issue quarterly accounts thats why at least 4 Audit committee as well as Board meetings are required in a year. For unlisted company there is no such compulsion.
Hope now answers are as per requirements.
Regards,
KAMRAN
I said after 30 June 2007 the time period for AGM is 3 months for all companies from the date of the balance sheet. Earlier it was 4 months. And before that it was 6 months.
Yes, listed companies have to announce the date of AGM to stock exchanges. Unlisted do not have to do so.
For half yearly accounts, meeting of Audit committe and meeting of Board of Directors is required. Since no general meeting is required, no member is invited other than directors.
Half yearly accounts have to be finalized / issued within 2 months of balance sheet date (for that half year) but there is no requirement (in my knowledge) to notify schedule of such meetings in advance to stock exchanges. Code of corporate governance requires to issue accounts within 2 months.
Listed companies have to issue quarterly accounts thats why at least 4 Audit committee as well as Board meetings are required in a year. For unlisted company there is no such compulsion.
Hope now answers are as per requirements.
Regards,
KAMRAN
