https://www.taxtmi.com/article/detailed?id=12400 Section 131 prescribes the procedure for voluntary revision of financial statements or the Board's report for any of the three preceding financial years where the directors find non compliance with sections 129 or 134. The Board must resolve to seek revision and apply to the Tribunal in Form NCLT 1 within fourteen days, disclosing specified particulars and any recent changes in directors or auditors. The company must advertise the application, the Tribunal must notify the original auditor and relevant authorities, and, after hearing, the company must convene a general meeting to approve and then file the revised statements with the Registrar within thirty days; revisions are limited to necessary corrections and consequential alterations and may be made once per financial year. en-us Wed, 06 Mar 2024 09:43:05 +0530 Wed, 06 Mar 2024 09:43:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12400 Section 131 prescribes the procedure for voluntary revision of financial statements or the Board's report for any of the three preceding financial years where the directors find non compliance with sections 129 or 134. The Board must resolve to seek revision and apply to the Tribunal in Form NCLT 1 within fourteen days, disclosing specified particulars and any recent changes in directors or auditors. The company must advertise the application, the Tribunal must notify the original auditor and relevant authorities, and, after hearing, the company must convene a general meeting to approve and then file the revised statements with the Registrar within thirty days; revisions are limited to necessary corrections and consequential alterations and may be made once per financial year. Articles Corporate Laws / IBC / SEBI Wed, 06 Mar 2024 09:43:05 +0530 https://www.taxtmi.com/article/detailed?id=12400