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IAI Actuarial Core Principles · Business Finance · Regulation of financial reporting of incorporated entities

Under the SEBI Listing Regulations, which statement about a listed company's quarterly financial results is correct?

Listed companies must submit quarterly financial results to the stock exchanges within the prescribed time after the quarter ends, after the audit committee has reviewed them and the board has approved them. The requirement applies regardless of profit and needs no prior SEBI approval.

  1. AResults are filed only once a year with the annual report
  2. BResults must be published only if the company has made a profit
  3. CResults must be submitted to the stock exchanges within a prescribed period after the quarter end, having been reviewed by the audit committee and approved by the boardCorrect
  4. DResults need approval from SEBI before they can be published
  5. Results are required only for the first and third quarters of the financial year

Explanation

Listed entities must submit quarterly results to the exchanges within the prescribed time (45 days for most quarters) after audit committee review and board approval. Filing is not annual only, not profit dependent, and does not need SEBI pre-approval.

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