Board’s report ‑ Whether directors should hold another meeting to consider reservation, qualification, etc., made in auditors’ report

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..... ider reservation, qualification, etc., made in auditors report Query: Section 215(3) requires the balance sheet and the profit and loss account to be approved by board of directors before signing on behalf of the board and also before submitting these to the auditors for their report. Section 217(3) requires the board to give fullest information and explanations in its report on every reserv .....

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..... oard at the time of its consideration and authentication of the balance sheet and profit and loss account under section 215(3), the board has to meet once again to consider the reservations, qualifications made in auditors report and give their explanations to the said remarks. It is expected that the auditors and the board work in a harmonious manner. - Circular - Trade Notice - Public Notice .....

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