Violation of Companies Act

Dear Barani,

Yes, it is the duty of the statutory auditor to mention in his report that the company has not formed the Audit committee in terms of Sec 292 A..

Further, the same thing will be highlighted in the "COMPLIANCE CERTIFICATE" required by a CS.

Mr.Amir,

Actually i wanted to know wr the Auditor need to reply? Is it in CARO, if so under which clause? If not in CARO wr will he report?wat is his duty in this regard.