9911796707
TMI BlogCompanies (Auditor’s Report) (Amendment) Order, 2004 - Amendments in paragraphs 1, 2 and 4 of Companies (Auditor’s Report) Order, 2003X X X X Extracts X X X X X X X X Extracts X X X X ..... 1, 2 and 4 of Companies (Auditor's Report) Order, 2003 GSR 766(E).-In exercise of the powers conferred by sub-section (4A) of section 227 of the Companies Act, 1956 (1 of 1956) and after consultation with the Institute of Chartered Accountants of India [constituted under the Chartered Accountants Act, 1949 (38 of 1949)], the Central Government hereby makes the following amendments in Companies ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clause (iii), the following clause shall be substituted, namely :-- "(iii) (a) has the company granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under section 301 of the Act. If so, give the number of parties and amount involved in the transactions; and (b) whether the rate of interest and other terms and conditions of loans given b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cipal amount and interest are also regular." (b) for clause (iv), the following clause shall be substituted, namely :-- "(iv) is there an adequate internal control system commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and service. Whether there is a continuing failure to correct major weaknesses ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal" shall be substituted; (e) in clause (ix) (i) in sub-clause (a), for the words "Wealth tax", the words "Wealth tax, Service tax" shall be substituted; (ii) for sub-clause (b), the following sub-clause shall be substituted; namely :-- "(b) in case dues of Income-tax/Sales-tax /Wealth-tax/Service tax/Cus ..... X X X X Extracts X X X X X X X X Extracts X X X X
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