Whether there is any change in Audit Report??and whether its applicable for all the Companies or just Banking???Please Reply
Sonam Bidasaria
(CA)
(770 Points)
Replied 06 May 2013
It is applicable to banking companies as well.
Priya
(trainee)
(384 Points)
Replied 06 May 2013
banking companies as well-
"means it attracts other company as well as banking. Is it??"
Priya
(trainee)
(384 Points)
Replied 06 May 2013
Sonam Bidasaria
(CA)
(770 Points)
Replied 06 May 2013
Yes. banking companies are also required to be registered under Companies Act, 1956 and Sec 211 and other audit provisions are aalso applcable to banking companies to the extent they are not in-consistent with Banking Regulation Act. Since banking Regulation Act has only prescribed the format of balance sheet and profit and loss account for the banking companies, so for the audit report, we will have to take resort of Companies Act, 1956.
Sonam Bidasaria
(CA)
(770 Points)
Replied 06 May 2013
Sorry, but i also dont have any idea of "Memorandum of changes in Bank Audit Report"
Priya
(trainee)
(384 Points)
Replied 06 May 2013
Ok,,,no problm...but please make it clear my company is manfacturing one ...as per ur statement I believe that revised format is applicable isnt it??
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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