Section 129A: Periodical financial results
This section allows the Central Government to require certain unlisted companies to prepare and file periodic financial results in a prescribed manner.
The section, clause by clause
What the section says
In plain terms
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.]
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
Amendment notes
- 1. Subs. by Act 1 of 2018, s. 33, for sub-section (3) (w.e.f. 7-5-2018).
- 2. Ins. by Act 29 of 2020, s. 25 (w.e.f. 22-1-2021).
- 1. Ins. by Act 1 of 2018, s. 34 (w.e.f. 9-2-2018).
- 2. Ins. by s. 34, ibid. (w.e.f. 9-2-2018).
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.