Companies act 2013 section 134
This query is : Resolved
vaidehi khandelwal
(Querist)
18 September 2014
plz provide clarification of section 134 of company act 2013 that financial report including financial statement shall be approved by bod BEFORE THEY SIGNED AND SUBMITTED TO AUDITOR FOR THEIR REPORT
18 September 2014
Company has to convene a board meeting in which the financial statements and CFS has to be presented ,discussed , approved by way of resolution and authorize director's to sign and forward to auditor's for audit and issue report thereon.
In the 1956 act also ,there was a corresponding section viz., 215 which was silent on the pre signing approval, though followed by all companies, which has been plugged in section 134 of the 2013 act to give more clarity in the procedure.
In the 1956 act also ,there was a corresponding section viz., 215 which was silent on the pre signing approval, though followed by all companies, which has been plugged in section 134 of the 2013 act to give more clarity in the procedure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- EPF ECR NEW FILE SEP 17TH 2026
- PTRC Show Cause Notice on Email
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Capital Gail Exemption Certificate
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Import of Software Service.
- EPF ECR NEW RULES Sep 17th 2026
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Unable to File TDS Q2 Return – New TRACES Portal Error
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
