Auditor's report compliance required under new Order; leniency for prior-year accounts, strict adherence mandatory thereafter. Companies must comply with the Companies (Auditor's Report) Order, 2003 which replaces the prior auditor's report order and is effective from 1 July 2003; while the Government will not postpone or review the Order, it will take a lenient view of non compliance for accounts closed on or before 31 December 2003 provided those accounts carry the prior auditor's report, but strict compliance is required for accounts closing on or after 1 January 2004 and non compliance thereafter may attract legal action.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Auditor's report compliance required under new Order; leniency for prior-year accounts, strict adherence mandatory thereafter.
Companies must comply with the Companies (Auditor's Report) Order, 2003 which replaces the prior auditor's report order and is effective from 1 July 2003; while the Government will not postpone or review the Order, it will take a lenient view of non compliance for accounts closed on or before 31 December 2003 provided those accounts carry the prior auditor's report, but strict compliance is required for accounts closing on or after 1 January 2004 and non compliance thereafter may attract legal action.
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