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TMI BlogFormat for Auditors’ Certificate required under Clause 24(i) of the Equity Listing AgreementX X X X Extracts X X X X X X X X Extracts X X X X ..... efore any Court or Tribunal under sections 391, 394 and 101 of the Companies Act, 1956, at least one month before it is presented to the Court or Tribunal. 3. Clause 24(i) of the Listing Agreement requires that the company, while filing for approval of any draft Scheme of amalgamation / merger / reconstruction, etc. with the stock exchange under Clause 24(f), shall also file an auditors' certificate to the effect that the accounting treatment contained in the scheme is in compliance with all the Accounting Standards specified by the Central Government in Section 211(3C) of the Companies Act, 1956. It has been observed that the Auditors' Certificate filed by the companies are in different format and there is no standardisation. 4. In v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... llip;…. (names of the companies involved) in terms of the provisions of section(s) ……………………… (specify the relevant section(s)) of the Companies Act, 1956/ Companies Act, 2013 with reference to its compliance with the applicable Accounting Standards notified under the Companies Act, 1956/ Companies Act, 2013 and Other Generally Accepted Accounting Principles. The responsibility for the preparation of the Draft Scheme and its compliance with the relevant laws and regulations, including the applicable Accounting Standards as aforesaid, is that of the Board of Directors of the Companies involved. Our responsibility is only to examine and report whether the Draft Scheme compl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ellip;………. • …………………………………. This Certificate is issued at the request of the …………………(name of the Company) pursuant to the requirements of clause 24(i) of the Listing Agreement for onward submission to the …………………………. (name of the Stock Exchange(s)). This Certificate should not be used for any other purpose without our prior written consent. For ………………………. (name of the Firm) Chartered Accountants Firm Registration No.: Signature (Na ..... X X X X Extracts X X X X X X X X Extracts X X X X
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