Generally we know that a company issued or circulate or
published financial statement to its shareholders before every annual general
meeting. But we should know that whether a company can issue unaudited
financial statement?
According to various provision of companies act 2013 a
company can not issued unaudited financial statement to its shareholder before
its AGM.
According to section 129(2) of the company act 2013 the
board of director of every company shall lay before AGM the financial statement
for the financial year.
According to sec. 134(7) of the company act 2013 the board
of director shall issued, circulate or published financial statement along with
the copy of the following documents to all its shareholder
1.
Any notes annexed to or forming part of such
financial statement.
2.
Auditor’s report.
3.
Board’s report.
Therefore, from the above provision it is clear that a
company can not issue unaudited financial statement to its shareholders before
it’s AGM.
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