# Periodical Financial Results — Section 129A

## What Section 129A Empowers

CG may, by rules, require prescribed unlisted companies to prepare and file periodical financial results — bringing them closer to a listed-company-style reporting cadence.

## Three-Step Compliance Chain

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### Step 1 — Preparation

Financial results to be prepared on a periodical basis in the form prescribed by CG.

### Step 2 — Board Approval + Audit/Limited Review

BOD must approve the periodical financial results.
Results must also be audited, OR subjected to a limited review, by the auditor.

### Step 3 — Filing with ROC

File a copy with ROC within 30 days of completion of the relevant period.
Pay the prescribed fees.

## Why This Section Matters

It is the legislative hook for bringing larger unlisted companies under interim/quarterly reporting, similar to SEBI (LODR) Regulations for listed entities — improving transparency for creditors, depositors, and other stakeholders.

Worked example

### Example 1

Example: An unlisted public company that has been notified under Section 129A prepares half-yearly results. The board approves the results on 15th October for the half-year ended 30th September. The auditor completes the limited review by 25th October. The results must be filed with ROC by 30th October (i.e., within 30 days of period-end).

⚠️ Common exam mistakes

Confusing Section 129A with listed-company quarterly reporting under SEBI (LODR) — Section 129A is for prescribed unlisted companies.
Assuming a full audit is mandatory — a limited review also satisfies the requirement.
Counting the 30 days from the date of BOD approval — it runs from completion of the relevant period (e.g., end of the half-year/quarter).

Bare-Act text Section 129A · Companies Act, 2013 · click to expand

CG may require prescribed unlisted companies to: Prepare financial results on periodical basis & in prescribed form; Obtain BOD approval and complete audit or limited review of periodical financial results; File copy with ROC within 30 days of completion of relevant period with prescribed fees.

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Periodical Financial Results for unlisted companies (Section 129A)

Worked example

⚠️ Common exam mistakes