D. N. Motwani & Co PROFESSIONAL COLLEAGUES Practise of signing annual accounts of company by auditors back dated has not yet changed. Actual procedure is Approval of accounts by Board in its meeting Submission of same to auditors for their report Sending of AGM notice Directors Report and accounts with auditors report to members In case of public company 21 clear days notice is required Pvt co can send notice as per articles However, section 219 of 1956 requires sending of audited accounts 21 days before meeting Shorter notice is possible. Signing of accounts backdated means creating an event back dated which has not occurred. Auditors of the company are able to convince the management to decide the tax liability prior to auditing. Thus their audit report is based on tax liability payable by the company.Thus to provide comfort level to management auditors report and accounts are signed back dated and our company law is humiliated because we have not guts to utilise our power and simply accept the accounts in form of tip which we give (not pay) to waiter in restaurant after completing the meal . UTHO JAGO AUR AWAZ UTHAO IS MAL PRACTICE KE KHILAF BEIMANI, RESHWATKHORI AUR CHAMPLOSI NE HUM SAB KI AWAZ BAND KAR DI HEIN AUR 25 SALO SE SAHTE REHEIN HAI. JO 25 SAL MEIN HUA KASAM KHAO KE AB NEHIN HOGA
Posted on: Tue, 21 Oct 2014 11:27:38 +0000
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