CA Mayur Todmal (Practicing CA) (7756 Points)
16 April 2017Please advice on this:
One of the shareholder of pvt company died in FY 14-15. But this fact was not know to Auditor and he prepared BS PL for FY 14-15 & 15-16. In Schedule of shareholders holding more than 5% he mentioned deceased name. On the basis of this annual filling of AOC 4 and MGT 7 for both the year filed.
What would be the possible consequences under company act on company and auditor?
Anjali lakra
(473 Points)
Replied 17 April 2017
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 17 April 2017
Successor of deceased should intimate fact to company. But he didn't , how company will be liable to penalty.
Anjali lakra
(473 Points)
Replied 17 April 2017
CAclubindia
