Chapter 11: Accounts and Annual Returns

Question 1

All or some books may be kept at any other place in pakistan, if directors pass a resolution in their meeting, and the registrar is notified in writing within what days of the resolution, giving the full address of that other place

Answer 1

7 days

Question 2

Books of accounts, along with vouchers relevant to entries in such books, must be retained in good order for what time immediately preceding financial years

Answer 2

10 years

Question 3

first financial statements shall be presented in AGM within what time from date of incorporation

Answer 3

16 months

Question 4

subsequent financial statements shall be presented in AGM once in each calendar year, within what time from the close of financial year, and an extension upto what time may be granted by commission (listed companies) or registrar (for other companies)

Answer 4

120 days, 30 days

Question 5

every company shall send to its members, either by post or electronically, a copy of financial statements, auditors report, directors report and chairmans review report, in case of listed company, atleast what time before the date of general meeting

Answer 5

21 days

Question 6

after the AGM, every company shall file a copy of audited financial statements to registrar within what time

Answer 6

30 days for listed companies, or 15 days for unlisted companies

Question 7

every listed company is required to prepare quarterly financial statements, within what days of close of first quarter, and third quarter, and within what time of close of second quarter

Answer 7

30 days, 60 days

Question 8

if financial year of subsidiary ends what time before financial year of holding ends, subsidiary shall make an interim closing on the year end of the holding company

Answer 8

more than 90 days

Question 9

annual return shall be filed within what time?

Answer 9

30 days of AGM, or within 30 days of close of calendar year, if AGM aint held