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of <h1>Company directors can revise financial statements for non-compliance under sections 129 or 134, with Tribunal approval.</h1> Directors of a company may voluntarily revise financial statements or the Board's report if they do not comply with sections 129 or 134 of the Companies Act, 2013. This can be done for any of the three preceding financial years with Tribunal approval. The Tribunal must notify the Central Government and tax authorities and consider their input before approving revisions, which are limited to once per financial year. Reasons for revisions must be disclosed in the Board's report. Revisions should correct non-compliance and make necessary alterations. The Central Government may establish rules regarding these revisions, including auditor functions and director responsibilities.
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