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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendments to Companies Auditor's Report Order 2003 Remove Definitions for Various Business Types under Companies Act 1956.</h1> The Companies (Auditor's Report) Order, 2003, under the Companies Act, 1956, defines specific terms related to various types of companies. A 'chit fund company,' 'nidhi company,' or 'mutual benefit company' is engaged in managing financial arrangements where subscribers contribute installments and receive a prize amount in turn. These companies also include those primarily accepting fixed deposits and lending money to members. Amendments in 2004 omitted definitions for 'finance,' 'investment,' 'manufacturing,' 'mining,' 'processing,' 'service,' and 'trading' companies, which previously described their respective business engagements.
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