Company has increase its authorized share capital and paidup share capital but filing of form MGT-14 is still pending. Can a CA sign balance sheet of such company ?
Amrita vyas (chartered accountant) (2600 Points)
07 September 2016Company has increase its authorized share capital and paidup share capital but filing of form MGT-14 is still pending. Can a CA sign balance sheet of such company ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 07 September 2016
Why not?
Amrita vyas
(chartered accountant)
(2600 Points)
Replied 07 September 2016
care he should do while signing audit report
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 07 September 2016
Statutory auditor does not certify that the company has complied with all provisions of the Companies Act and the Rules made thereunder. He has to give report as per format prescribed under CARO 2016. Company will be liable as per penal provisions for the default.
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