Company act 2013
This query is : Resolved
CA. KARAN YADAV
(Querist)
19 August 2016
wrong eps is calculated in profit and loss account . what is the penalty ????
Rohit A Kadam
(Expert)
19 August 2016
It is a wrong information and I am sure there is no intentional misrepresentation here. This though does not impact the financial statements, but is relevant for investors to take investment decision. I dont think there will be any penalty levied here as it is only a mistake and not fraud or misrepresentation in its true sense.
CA. KARAN YADAV
(Querist)
22 August 2016
now what i have to do
Rohit A Kadam
(Expert)
22 August 2016
You can correct and resubmit the P&L
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