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A company
shall publish unaudited financial results on quarterly basis as per proforma
given hereafter within one month of the end of the quarter to the SEs and
immediately after market hours on the date of Board Meeting
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The results
shall also be published in a daily newspaper with national circulation and
in one regional language daily newspaper within 48 hours of the Board
Meeting.
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The results
shall be signed by the MD / Director
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At least 7
days before the Board Meeting, the company shall inform the SEs about the
Board Meeting
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Any change of
name in the company suggesting new line of business should disclose the
turnover and income, etc. from the new activities separately for 3 years
from the date of name change
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The unaudited
results should not substantially differ from the audited results by 20%
otherwise reasons for the difference should be explained to the SEs
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Unaudited QR
for the last quarter need not be published if the company informs the SE in
advance that it will publish audited results within 3 months from the end of
the accounting year of the company
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The QR shall
be prepared on the basis of accrual accounting policy and in accordance with
uniform accounting practices adopted for all the periods on quarterly basis
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With effect
from quarter ending on or after June, 2003 the QR shall be subjected to
Limited Review by the auditors.
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The format of
limited review report (LRR) is given hereafter.
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The LRR shall
be submitted to the SEs within 2 months of the close of the quarter."
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The company
will have the option to publish consolidated quarterly financial results in
addition to the unaudited quarterly financial results of the parent company
as required under this clause
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The company
will publish its Annual Results in the same format as prescribed for
quarterly results in this clause
