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

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....July 2014 To All Regional Directors, All Registrars 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....

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....ough C&AG and thus such companies are covered under sub-section (5) and (7) of section 139 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 ....

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....ned and the. relevant company. To avoid any confusion it is further clarified that it will primarily be the responsibility of the company concerned to intimate to the C&AG about its incorporation along with name, location of registered office, capital structure of such a company immediately on its incorporation.  It is also incumbent on such a company to share such intimation to the relevant ....