Clarification with regard to applicability of provisions of section 139(5) and 139(7) of the Companies Act, 2013

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....s of Companies. Subject: Clarification with regard to applicability of provisions of section 139(5) and 139(7) of the Companies Act, 2013 Sir, Doubts have been raised about applicability of sections 139(5) and 139(7) of the Companies Act, 2013 (New Act), which deal with appointment of auditors by Comptroller and Auditor General of India (C&AG), to `deemed Government Companies' referred to i....

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....of the New Act. 3. Further, it has also been observed that the words "any other company owned or controlled, directly or indirectly............. by the Central Government and partly by one or more State Governments" appearing in sub-sections (5) and (7) of section 139 of the New Act are to be read with the definition of `control' in section 2(27) of the New Act. Thus documents like ....