Disclosure of pvt. ltd. co's annual accounts to the lawyer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 June 2013
I was an auditor for the ABC -a pvt. ltd. company for the FY ended on 31-03-2012, accordingly carried out an audit and tax audit for the said year.
Recently, I have received a notice from the lawyer stating that the said company has committed any irregularities during that year and therefore the said Lawyer has asked me to give him certified copy of the Annual accounts and details - outstanding wise details - of the Items appeared under "Unsecured Loans" in the balance sheet.The Notice further states the Accounts being public documnets, if I do not hand over it will be presummed that I am also a party to the said irregularities and therefore the said lawyer will also proceeds against me. The copy of the said notice is also sent to the Registrar of the Companies.
Help Required:
Under the circumstances, I would like to know that Can an auditor give copy of the accounts to the lawyer ? Also, the ICAI's guidline about disclosure of the information to the third party, if any, may also be relevant for me. How to give reply to the said notice.
Kindly help me by giving your valued opinion and suggestion on the matter please.
Jatin
Recently, I have received a notice from the lawyer stating that the said company has committed any irregularities during that year and therefore the said Lawyer has asked me to give him certified copy of the Annual accounts and details - outstanding wise details - of the Items appeared under "Unsecured Loans" in the balance sheet.The Notice further states the Accounts being public documnets, if I do not hand over it will be presummed that I am also a party to the said irregularities and therefore the said lawyer will also proceeds against me. The copy of the said notice is also sent to the Registrar of the Companies.
Help Required:
Under the circumstances, I would like to know that Can an auditor give copy of the accounts to the lawyer ? Also, the ICAI's guidline about disclosure of the information to the third party, if any, may also be relevant for me. How to give reply to the said notice.
Kindly help me by giving your valued opinion and suggestion on the matter please.
Jatin
Guest
Guest
(Expert)
24 June 2013
24.06.2013
Dear Jatin,
Please appraise the Company Management of the legal notice and furnish a copy of the audited accounts to the lawyer.
Regards,
Dear Jatin,
Please appraise the Company Management of the legal notice and furnish a copy of the audited accounts to the lawyer.
Regards,
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
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR returnFY25-26
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR 2 Short Term gain & Long term gain
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Itr 1 processing
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
