companies bill ,2008

CA Swapnil (job ) (1205 Points)

04 June 2009  

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