Question

    Which section of the Companies Act delas with the

    provisions of Periodical Financial Statements?
    A Section 125 Correct Answer Incorrect Answer
    B Section 126 Correct Answer Incorrect Answer
    C Section 127 Correct Answer Incorrect Answer
    D Section 129A Correct Answer Incorrect Answer

    Solution

    Section 129. Financial statement- 129A Periodical financial results-The Central Government may, require such class or classes of unlisted companies, as may be prescribed— (a) to prepare the financial results of the company on such periodical basis and in such form as may be prescribed; (b) to obtain approval of the Board of Directors and complete audit or limited review of such periodical financial results in such manner as may be prescribed; and (c) file a copy with the Registrar within a period of thirty days of completion of the relevant period with such fees as may be prescribed.

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