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of <h1>Directors Can Revise Financial Statements Once Per Year with Tribunal Approval Under Sections 129 and 134</h1> If directors of a company find that the financial statements or Board's report do not comply with sections 129 or 134, they may prepare revised documents for any of the three preceding years after obtaining Tribunal approval. The Tribunal must notify the Central Government and tax authorities and consider their input. Revisions are limited to once per financial year, and reasons must be disclosed in the Board's report. Corrections should address non-compliance and necessary alterations. The Central Government can establish rules for applying these provisions, including auditor functions and director responsibilities regarding revisions.
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