08-02-2009, 11:27 PM
Dear,
Where a company is unlisted and requirements of Fifth Schedule is applicable at the balance sheet date, and converted into a listed company before the accounts are authorized for issue,
In such a case, as the accounts are required to be released to public shareholders, it shall be viable to comply with the disclousure requirements of forth schedule, as far as possible, However, appropriate reasons should be disclosed if the requirements of forth schedule are not considered practicable to be implemented.
Queries shall be appreciated ,if raised.
Best Regards,
Faisal.
Where a company is unlisted and requirements of Fifth Schedule is applicable at the balance sheet date, and converted into a listed company before the accounts are authorized for issue,
In such a case, as the accounts are required to be released to public shareholders, it shall be viable to comply with the disclousure requirements of forth schedule, as far as possible, However, appropriate reasons should be disclosed if the requirements of forth schedule are not considered practicable to be implemented.
Queries shall be appreciated ,if raised.
Best Regards,
Faisal.
