CLAUSE 31 (a) OF
LISTING AGREEMENT
As per Clause 31 (a) of
the listing agreement every listed companies is required to forward six copies
of annual report to stock exchanges along with form A or form B (Covering
letter) as applicable to the Company.
Form A – Format of covering
letter applicable for unqualified/matter of emphasis Audit Observations.
Form B – Applicable for
qualified audit observations.
To be signed by:
1.
CEO/MD
2.
CFO
3.
Auditor of the Company
4.
Audit Committee Chairman
Points to be noted:
Ø Listing agreement does not specify clearly whether it is
applicable for Standalone or Consolidated Accounts. However, in our opinion
that it could be better, if we attach separate Form A or Form B as applicable
to the Company for both standalone and consolidated accounts as a practice of
better corporate governance.
Ø Signature of above said personnel only required and not the
seal.
Ø Date of signing the covering letter shall be the date of
dispatch of annual report copies to the Exchanges or date prior to the dispatch
of annual report.
Ø Covering Letter is not required to be addressed to the
shareholders.
Ø The Company’s Audit/Board Chairman shall include the
additional comments on the Auditors Qualification, if any in the covering
letter.
By
CS K VINOTH
CS D HEM SENTHIL RAJ
Blog:
csthenewera.blogspot.in
