274(1)(g)

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Priyanka (Querist)
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30 November 2010 Is Auditor of a private ltd company which is not a subsidiary of a public company required to comment on non compliance with Sec 274(1)(g) as per Sec 227(3) of Co. act.1956 in his audit report

Ankur Garg

Ankur Garg (Expert)
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30 November 2010 Not required to comment as section is only applicable to a public company by virtue of 274(1)(g) rules.

However it is advisable to mention that the same is not applicable to the company.

Regards

Aditya Maheshwari

Aditya Maheshwari (Expert)
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30 November 2010 You have to comment on the same as the director of the private limited company may be a director in a public limited company. So you have to comment on the same.

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Ajay Mishra

Ajay Mishra (Expert)
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30 November 2010 Agreed with expert....

You can write down following comment:

On the basis of written representations received from the Directors of the Company, as on 31st March, 20... and taken on record by the Board of Directors of the Company, none of the Directors of the Company is disqualified as on 31st March, 20.... from being appointed as a Director in terms of clause (g) of sub-section (1) Section 274 of the Act;

Regards