ABCD Ltd. is a listed company and its financial results are about to be discussed and approved in the board meeting to be held on 20th July, 2022. Referring to the provisions of the Companies Act, 2013 and SEBI (Listing
CS Executive · Company Law · PYQS · December 2022
ABCD Ltd. is a listed company and its financial results are about to be discussed and approved in the board meeting to be held on 20th July, 2022. Referring to the provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 answer the following: (i) Compliance requirement regarding intimation to the stock exchange about the meeting of the board discussing annual financial results
Answer & Explanation:
Under Regulation 29 (2) of SEBI (LODR) Regulations, 2015, every listed company has to give intimation to the stock exchange, at least five days before the date of the board meeting to be held for discussing annual financial results, (excluding the date of meeting and date of notice). Hence, ABCD Ltd. is required to comply with this requirement.
Topics: Corporate Governance and Disclosure
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