TOPIC 47: QUICK REFERENCE TO “Circulation of Financial Statements”

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Quick Reference to " Circulation of Financial Statements ":-
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Legal Provision:-
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Rule 11 of Companies (Accounts) Rules, 2014.
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Points:-
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1. It is applicable for Listed Companies.
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2. It is also applicable for Public Companies having net worth of more than 1 Crore Rupees and Turnover of More than 10 Crore Rupees.
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3. The Financial Statement can be sent by electronic mode if the Shares are held in Demat form.
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4. Despatch of Physical Copies can be for other company.
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Regards
ACA SOURAV BAGARIA