Whether Manufacturing and Other Companies (Auditor’s Report) Order, 1975 is applicable to companies licensed under section 25 - Companies Law - Circular : No. 1/77

Circular : No. 1/77 [1/1/77 ‑ CL ‑ V and 52(4)68 ‑ CL ‑ II], dated 19 ‑ 1 ‑ 1977. Subject:- Whether Manufacturing and Other Companies (Auditor s Report) Order, 1975 is applicable to companies licensed under section 25 A question has been raised whether the Manufacturing and Other Companies (Auditor s Report) Order is applicable to a company having a licence under section 25. The matter has been carefully examined and it is viewed that the said Order does not make any distinction between the companies licensed under section 25 and other companies. As the nature of business of such companies broadly falls under the category of service companies to which the Order cited above is also applicable, it is obligatory on the auditors of all those companies to give report in terms of the relevant provisions of the said Order.