Books of Accounts

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Kinjal Shah (Querist)
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05 March 2008 Dear All,

What are the Books requires to be check by Statutory Auditors of the Company under the Companies Act, 1956.

Stautory Auditor of the Company is allow to check Minutes Book of Board Meeting and General Meeting, Register of Member, Register of Charges etc. i.e. all statutory register. If yes than under what provision.

Regards,
Kinjal Shah

Kinjal Shah

Kinjal Shah (Querist)
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05 March 2008 Dear All,

Kindly reply to my aforesaid queries.

Regards,
Kinjal Shah

Kinjal Shah

Kinjal Shah (Querist)
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CA Shailesh +91 9393926464

CA Shailesh +91 9393926464 (Expert)
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05 March 2008 Dear Ms Shah,

Verification of Books of Accounts, Records and documents is the statutory right of Auditor. Books of accounts includes Stutory Registers which are required to be maintained by the company

CA J M Pattanayak

CA J M Pattanayak (Expert)
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06 March 2008 Dear Kinjal,
Statutory auditors should verify all the Statutory register ie. Minutes of all the meetings, Register of memebers including AOA and MOA.

Kinjal Shah

Kinjal Shah (Querist)
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07 March 2008 Dear All,

My query was under which Section the Statutory Auditor have right to access Statutory Register and Minutes Books. But noone quote section.

Any way I would like to draw your attention to Section 227 of the Companies Act, 1956 and As per decided case of Newton v. Birmingham Small Arms Co. Ltd (1906). The Apex Court has stated that The Auditors’ right of access at all times to the Books of the Company would include inspection of the minutes books of general meetings and the directors minutes books. Any regulation precluding auditors from availing themselves of all the information to which they are entitled are invalid.

Thanks and Best Regards,
Kinjal Shah

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