Clarification under Section 224 (1) of the Companies Act, 1956. - Companies Law - No. 35/1/90-CL.III

No. 35/1/90-CL.III Government of India, Ministry of Industry Department of Company Affairs Shastri Bhawan, 5th Floor, A Wing New Delhi Dated: 2nd March 1990 To The President, The Institute of Cost and Works Accountants of India 12, Sudder Street, Calcutta-700 016 Sub: Clarification under Section 224 (1) of the Companies Act, 1956. Sir, I am directed to refer to your letter no. CLC/79/89 dated 8th January, 1990 on the subject mentioned above and to say that while giving a certificate in terms of provision to sub-section 224 of the Companies Act, 1956, the auditor or auditors will not take into account the actual appointments as auditors in the companies but also their proposed appointment in companies for which they have given their consent. Yours faithfully, K.M. Gupta Under Secretary to the Govt. of India