Annual accounts - filing of ‑ Whether Registrar should call for separate report by the auditors on profit and loss account - Companies Law - Letter: No. 15(62)‑CL‑VI/61,

Letter: No. 15(62) ‑ CL ‑ VI/61, dated 2 ‑ 3 ‑ 1962. Subject:-Annual accounts - filing of ‑ Whether Registrar should call for separate report by the auditors on profit and loss account A private company is not required to attach to its profit and loss account, filed with the Registrar of Companies, separate auditors report signed by the auditors. Unless a private company has on its own volition reproduced the auditors report in full on the balance sheet as well as on the profit and loss account, all that the company should be able to do is to adopt either of the following two alternatives: a. to attach to the profit and loss account a copy, authenticated in the manner specified in section 220(1)(a), of the full auditors report as attached to the balance sheet; b. to attach to the balance sheet a copy of the relevant extracts from the auditors report pertaining to the balance sheet only and to attach to the profit and loss account a copy of the full auditors report the copy of the auditors report in each case to be authenticated in the manner specified in section 220(1)(a). The Registrar should put to the company concerned both the alternatives and leave it to the choice of adopting either of the alternatives. In no case should they call for a separate report by the auditors on the profit and loss account of a private company.