some changes proposed in companies bill ,2008
| Sr no | New Proposed provision | Existing Provision |
| 1 | All the companies are mandatorily | Companies are provided flexibility |
| required to adopt year ending 31st March for | to choose any year end for preparation | |
| preparation of financial statements | of financial statements. | |
| 2 | The Bill imposes a duty on the auditors of the company | The existing framework gives a right to the auditors to attend the general meetings. |
| to attend the general meetings of the company | ||
| Sr no | New Proposed provision | Existing Provision |
| 1 | All the companies are mandatorily | Companies are provided flexibility |
| required to adopt year ending 31st March for | to choose any year end for preparation | |
| preparation of financial statements | of financial statements. | |
| 2 | The Bill imposes a duty on the auditors of the company | The existing framework gives a right to the auditors to attend the general meetings. |
| to attend the general meetings of the company | ||
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