Government guidelines make it mandatory for unaudited financial result (UFR) notices to be published in newspapers by all "limited" companies following quarterly meetings of the board of directors and chairperson. The results may be audited by an audit committee or internal auditors. Still, they are not placed before a general body meeting because they are not for the entire year, while giving an idea to investors/creditors about their performance in deciding about the growth of the company. While these are comparative financing statements, if there is any major variance from one quarter to another, satisfying explanations are also given. The board of directors meeting discusses these results. Final account statements project the picture for the whole year having been audited by statutory auditors and passed at the annual general meeting.
Such ads depict the financial status of the organisation which is conveyed in the advertisement. Guidelines for publishing an UFR/AFR ad are:
While classified display UFR ads are published only in the classified section of the chosen newspaper, display UFR ads may be published on any page preferred by the advertiser.
While display UFR ads can be custom sized, classified display UFR ads must adhere to classified ad restrictions.
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