TaxTMI 
TaxTMI 
Information to shareholders - Publication of periodical reports by companies engaged in production
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....ok Sabha) on the Ministry of Finance, Department of Revenue and Company Law (Company Law Division), presented to the Lok Sabha in April 1964, the Estimates Committee have recommended that with a view to enabling the shareholders to take intelligent interest in the affairs of the companies engaged in production, Government may consider the feasibility of persuading such companies to furnish to the ....
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.... in the country requesting them inter alia to advise the listed companies to acquaint their shareholders periodically at the end of every quarter and half-year about their working and earnings. As stated in that communication, closer relationship between the shareholders and companies which they own can be cultivated and personal interest in the working of the companies can be created among sha....
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....ice by giving periodical publicity to their working and earnings so that the dangers inherent in a false market created by rumour-mongers at dividend time could be avoided. ANNEX - EXTRACT OF ESTIMATES COMMITTEE'S REPORT It has been represented to the Committee by a leading stock exchange that companies engaged in production should be required to furnish quarterly progress reports setting ou....
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....et or profit and loss account, but a simple informative statement of interest to the shareholders. Though the issue of a more elaborate statement is in vogue in the US, yet we believe that in this country the companies should make a modest beginning by issue of a statement containing inter alia the following information: a. general survey of business development; &nb....