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2018 (12) TMI 672 - Tri - Companies LawVoluntary revision of financial statements or Board‘s report - Held that:- Paragraph No. 2 of the affidavit, states that there would be no change in the financial statements or in the income tax returns already filed by the Company relating to financial year 2015-16. Further, it is stated in affidavit dated 04.08.2018 of Ms. Kanchan Kukreja, Company Secretary of the Company, filed by Diary No.2875 dated 07.08.2018 that the demand/claim of the Income Tax Department pending, if any, relating to previous years would not be affected adversely by way of present petition. Therefore, no effect on the outstanding demand raised by the Income Tax Department for the assessment year 2013-14 to 2015-16 is envisaged by the proposed changes. After taking into consideration the reports of the Central Government and the Income Tax Authorities, approval is granted under Section 131(1)(b) for revised report of the Board for the financial year 2015-16 in respect of the following disclosures stated to be not provided for in the Board Report for the financial year ending March, 2016 in respect of the following disclosures stated to be not provided for in the Board Report for the financial year ending March, 2016. Necessary further action be taken by the Company for filing certified copy of the order of the Tribunal with the Registrar of Companies within 30 days of the receipt of the certified copy and calling for General Meeting and further, filing with the Registrar of Companies as per Section 131 (1) of the Act read with Rule 77 of the Rules.
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