Companies (Removal of Difficulties) Seventh Order, 2014

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..... Whereas the Companies Act, 2013 (18 of 2013) (hereinafter referred to as the said Act) received the assent of the President on the 29th August, 2013 and section 143 of the Act , which provides for the powers and duties of the auditors and auditing standards, came into force with effect from 1 st April, 2014; And whereas sub-sections (5) and (7) of section 139 of the said Act provide .....

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..... reas difficulties have arisen in implementation of the provisions of sub-section (5) of section 143 for companies referred to in sub-sections (5) and (7) of section 139 of the said Act ; Now, therefore, in exercise of the powers conferred by sub-section (1) of section 470 of the Companies Act, 2013 the Central Government hereby makes the following Order to remove the aforesaid difficul .....

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