https://www.taxtmi.com/acts?id=15566 Directors may prepare revised financial statements or a revised Board's report for the three preceding financial years only after obtaining Tribunal approval and filing the Tribunal's order with the Registrar; the Tribunal must notify the Central Government and income-tax authorities and consider their representations. Revisions are limited to corrections to secure compliance with the reporting provisions and necessary consequential alterations; such revisions cannot be made more than once in a financial year, and the detailed reasons for revision must be disclosed in the Board's report. The Central Government may make rules on replacement/supplementation, auditor functions, and prescribed director steps. en-us Tue, 20 Dec 2011 18:24:54 +0530 Tue, 20 Dec 2011 18:24:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15566 Directors may prepare revised financial statements or a revised Board's report for the three preceding financial years only after obtaining Tribunal approval and filing the Tribunal's order with the Registrar; the Tribunal must notify the Central Government and income-tax authorities and consider their representations. Revisions are limited to corrections to secure compliance with the reporting provisions and necessary consequential alterations; such revisions cannot be made more than once in a financial year, and the detailed reasons for revision must be disclosed in the Board's report. The Central Government may make rules on replacement/supplementation, auditor functions, and prescribed director steps. Act-Rules Bills Tue, 20 Dec 2011 18:24:54 +0530 https://www.taxtmi.com/acts?id=15566