rachana (officer) (36 Points)
15 August 2011hi,
ours is govt. company. Initially board is approving accounts (and we have taken authorization in favour of Chairman to change accounts in view of observation of C & AG). after that we are handing over to C& AG audit for comments.
whether after their comments, accounts need to place it be before the Board.
vishnupriya
(CA Final)
(1418 Points)
Replied 15 August 2011
I think they are now to be placed in AGM/ GM of members along with C & AG Comments.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 16 August 2011
After the Audit, the Audited results must be presented before the Board and Board have to approve them before submitting them to the AMG for taking on record.
After the audit, the comments of the Auditors must also be placed before the Board and proper noting of the same is to be done.
rachana
(officer)
(36 Points)
Replied 17 August 2011
u mean, even though we have taken authorization in favour of Chairman to amend the accounts pursuant to C & Ag comments it has to go to Board again
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 18 August 2011
Ofcourse, board approval is must for the accouts before submitting it to the members for taking on record.
GURMUKH
(CS)
(81 Points)
Replied 19 August 2011
Once the Board approves the Accounts they cannot be changed. If anything is changed, again u have to seek Board approval
CAclubindia
