Varun Bhat (Student CA IPC / IPCC) (151 Points)
07 September 2016What will be the responsibility of the Auditor, apart from qualifying the fact in the Annexure to Auditor's report, in case of contravention of section 185 ?
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 13 September 2016
It is the responsibility of the company to ensure compliance of Sec.185. Auditor is just required to report non-compliance, if any, in his report.
Varun Bhat
(Student CA IPC / IPCC)
(151 Points)
Replied 15 September 2016
Sir,
What if CARO 2016 not applicable to the company ? WHere should we mention it ? In our opinion ?
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