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of <h1>Central Government Can Order Special Audit Under Section 233A of Companies Act, 1956 for Mismanagement or Financial Instability.</h1> Section 233A of the Companies Act, 1956, empowers the Central Government to order a special audit of a company's accounts if it believes the company is not being managed according to sound business principles, is causing harm to its industry, or is financially unstable. The government can appoint a chartered accountant or the company's auditor for this audit. The special auditor reports to the Central Government, which may act on the findings. The company must cover audit expenses, and failure to provide required information can result in fines. If no action is taken within four months, the government must share the report with the company.
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