## Section 129A – Periodical Financial Results (PFR)

### Power of CG

The Central Government may require unlisted companies (as may be prescribed) to:

1. Prepare the periodical financial results of the company

2. Obtain approval of the Board of Directors (BOD)

3. Complete audit / limited review of such Periodical Financial Results (PFR)

4. File a copy with the Registrar of Companies (ROC) within 30 days of the end of the relevant period

### Snapshot

Step	Action
1	Prepare PFR
2	BOD approval
3	Audit / Limited Review
4	File with ROC within 30 days of period-end

> 💡 Note: This section is prospective and applies only to such class of unlisted companies as the CG may prescribe — listed companies already comply with quarterly result requirements under SEBI (LODR).

⚠️ Common exam mistakes

Believing Section 129A applies to all unlisted companies – it applies only to such class as CG may prescribe.
Mixing up the 30-day filing timeline with the 30-day filing periods for other forms.
Forgetting that BOD approval AND audit/limited review are both required before filing.

Bare-Act text Section 129A · Companies Act, 2013 (inserted by Companies (Amendment) Act, 2020) · click to expand

The Central Government may, require such class or classes of unlisted companies, as may be prescribed,—(a) to prepare the financial results of the company on such periodical basis and in such form as may be prescribed; (b) to obtain approval of the Board of Directors and complete audit or limited review of such periodical financial results in such manner as may be prescribed; and (c) file a copy with the Registrar within a period of thirty days of completion of the relevant period with such fees as may be prescribed.

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Section 129A – Periodical Financial Results (Unlisted Companies)

Worked example

⚠️ Common exam mistakes