Companies Act, 1956
Section - 233A - Power of Central Government to direct special audit in certain cases
[Power of Central Government to direct special audit in certain cases.233A. (1) Where the Central Government is of the opinion— (a) that the affairs of any company are not being managed in accordance with sound business principles or prudent commercial practices; or (b) that any company is being managed in a manner likely to cause serious injury or damage to the interests of the trade, industry or business to which it pertains; or (c) that the financial position of any company is such as to endanger its solvency;the Central Government may at any time by order direct that a special audit of the company’s accounts for such period or periods as may be specified in the order, shall be conducted and may by the same or a different order appoint either a chartered accountant as defined in clause (b) of sub-section (1) of section 2.... To read the full section download the app from Google Play store
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