Quarterly reporting encouraged for production companies to supply operational surveys, production comparisons and prospects to shareholders. Companies engaged in production are urged to furnish quarterly statements to stock exchanges, newspapers and shareholders containing: a general survey of business development; comparative figures of production and sales; and current and future prospects. These statements need not be full balance-sheets or profit and loss accounts but should be modest informative disclosures to enable informed shareholder interest and to counter market rumours.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Quarterly reporting encouraged for production companies to supply operational surveys, production comparisons and prospects to shareholders.
Companies engaged in production are urged to furnish quarterly statements to stock exchanges, newspapers and shareholders containing: a general survey of business development; comparative figures of production and sales; and current and future prospects. These statements need not be full balance-sheets or profit and loss accounts but should be modest informative disclosures to enable informed shareholder interest and to counter market rumours.
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