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compliance of sec 245 of companies ordinance
10-19-2010, 09:26 PM,
compliance of sec 245 of companies ordinance
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.
10-19-2010, 11:27 PM,
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)

10-20-2010, 05:27 PM,
thank you dear for helping me out

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