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Plss explain wat unadopted is

Reetikaa R

CA Inter

★ 7K+

23-Mar-23 00:13

168

Answers (2)

Unadopted means when Ordinary resolution is not passed in the general meeting by the shareholders. (Eg. 45% votes in favour of the financial statements being approved).

CA YOGITA HARJANI

Faculty

23-Mar-23 01:11

Adoption of Financial Statements and Accounts is a ordinary business and to be done only in AGM. If Accounts remains unpassed in resolution in AGM due to lack of votes in favour or due to non conduct of AGM, they are said to be unadopted.