TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clause 134: Board Must Approve Financial Statements Before Auditor Review; Non-Compliance Leads to Fines or Imprisonment.</h1> Clause 134 of the Companies Bill, 2011 mandates that a company's financial statements, including consolidated ones, must be approved by the Board of Directors before being signed and submitted to the auditor. The Board's report, attached to financial statements, should include various disclosures such as the annual return extract, Board meetings, Directors' Responsibility Statement, and policies on director appointments and remuneration. It also covers financial details, risk management, corporate social responsibility, and internal controls. Non-compliance with these provisions results in fines for the company and potential imprisonment or fines for defaulting officers.
TaxTMI 
TaxTMI 
