The accounts approved by the board. The resolution authorised the CEO along with a Director to carryout any changes in the accounts suggested by the auditors. Small corrections i.e. reclasification of certain heads in Cash Flow statement is suggested by the auditors. The suggested changes doesn't have any impact on profitability or balance sheet of the company. Clarification is required whether such correction can be approved through circular resolution or does it require regular board approval?
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Board approval for the revision of accounts
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When Board has already authorised CEO and director to carry out changes, why do you need a Board resolution again for this?
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