some changes proposed in companies bill ,2008
Sr no | New Proposed provision | Existing Provision |
1 | All the companies are mandatorily | Companies are provided flexibility |
required to adopt year ending 31st March for | to choose any year end for preparation | |
preparation of financial statements | of financial statements. | |
2 | The Bill imposes a duty on the auditors of the company | The existing framework gives a right to the auditors to attend the general meetings. |
to attend the general meetings of the company | ||
Sr no | New Proposed provision | Existing Provision |
1 | All the companies are mandatorily | Companies are provided flexibility |
required to adopt year ending 31st March for | to choose any year end for preparation | |
preparation of financial statements | of financial statements. | |
2 | The Bill imposes a duty on the auditors of the company | The existing framework gives a right to the auditors to attend the general meetings. |
to attend the general meetings of the company | ||