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Voluntary revision

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4 Points Posted on 19 April 2021
As per section 131 company makes voluntary revisions.Revisions can be done on particular area in current Financial statement.

can the company get order from NCLT in the next Financial year to make revision again? , relating to some other matter of same Financial statements
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On 19 April 2021 at 04:03 Report
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Chartered Accountant
24588 Points Posted on 19 April 2021
Yes NCLT approval is required.

The central government, Income tax authority, SEBI, and such authorities can apply for revising the statements. The Company through its representative such as practicing professionals can apply to the Tribunal for the revision of its statement
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On 19 April 2021 at 06:12
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4 Points Posted on 19 April 2021
Can the same financial statement again rectify in next year ?
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On 19 April 2021 at 06:16
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student
116 Points Posted on 19 April 2021
Companies Act not taking about only one time for revision....
you can get approval from NCLT for same financial, make sure earlier oder doesn't distrub by next matter you seek to get approval.
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On 19 April 2021 at 07:31
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Chartered Accountant
24588 Points Posted on 19 April 2021
Approval from NCLT is required for rectification
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On 19 April 2021 at 09:33
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372 Points Posted on 19 April 2021
As per provision revised Financial statement shall be Final
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On 19 April 2021 at 11:05


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