Agm-auditors report
This query is : Resolved
23 July 2014
Can auditors report b taken as read at the AGM under the CA,2013?
24 July 2014
Yes.
With the permission of the members present, auditor report can be taken as read.
With the permission of the members present, auditor report can be taken as read.
24 July 2014
Under the new Act, any qualifications,observations or comments on financial matters or matters which have an adverse effect on the functioning of the company mentioned in the auditors report shall be read before the company in the general meeting vide section 145.
24 July 2014
yes
But that is in relation to any qualification that has any adverse impact on company. In general, any auditor report without any adverse remark of auditor is taken as read with the permission of members present.
But that is in relation to any qualification that has any adverse impact on company. In general, any auditor report without any adverse remark of auditor is taken as read with the permission of members present.
24 July 2014
U R absolutely right but under the old Act,it was obligatory to read the auditors report at AGM.
24 July 2014
In practical, I have seen at AGM, many times members themselves demand to take auditor report as read as auditor report without any adverse remark is very much standard in nature.
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