What are the Books requires to be check by Statutory Auditors of the Company under the Companies Act, 1956.
Stautory Auditor of the Company is allow to check Minutes Book of Board Meeting and General Meeting, Register of Member, Register of Charges etc. i.e. all statutory register. If yes than under what provision.
What are the Books requires to be check by Statutory Auditors of the Company under the Companies Act, 1956.
Stautory Auditor of the Company is allow to check Minutes Book of Board Meeting and General Meeting, Register of Member, Register of Charges etc. i.e. all statutory register. If yes than under what provision.
Verification of Books of Accounts, Records and documents is the statutory right of Auditor. Books of accounts includes Stutory Registers which are required to be maintained by the company
06 March 2008
Dear Kinjal, Statutory auditors should verify all the Statutory register ie. Minutes of all the meetings, Register of memebers including AOA and MOA.
My query was under which Section the Statutory Auditor have right to access Statutory Register and Minutes Books. But noone quote section.
Any way I would like to draw your attention to Section 227 of the Companies Act, 1956 and As per decided case of Newton v. Birmingham Small Arms Co. Ltd (1906). The Apex Court has stated that The Auditors’ right of access at all times to the Books of the Company would include inspection of the minutes books of general meetings and the directors minutes books. Any regulation precluding auditors from availing themselves of all the information to which they are entitled are invalid.
CAclubindia
