Companies (Auditor’s Report) (Amendment) Order, 2004 - Amendments in paragraphs 1, 2 and 4 of Companies (Auditor’s Report) Order, 2003

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..... Amendments in paragraphs 1, 2 and 4 of Companies (Auditor s Report) Order, 2003 GSR 766(E).- In exercise of the powers conferred by sub-section (4A) of section 227 of the Companies Act, 1956 (1 of 1956) and after consultation with the Institute of Chartered Accountants of India [constituted under the Chartered Accountants Act, 1949 (38 of 1949)], the Central Government hereby makes the followi .....

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..... ll be omitted; (3) in paragraph 4, ( a ) for clause ( iii ), the following clause shall be substituted, namely : ( iii ) ( a ) has the company granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under section 301 of the Act. If so, give the number of parties and amount involved in the transactions; and ( b ) whether the .....

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..... facie prejudicial to the interest of the company; and ( g ) whether payment of the principal amount and interest are also regular. ( b ) for clause ( iv ), the following clause shall be substituted, namely : ( iv ) is there an adequate internal control system commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and .....

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..... other relevant provisions of the Act shall be substituted. ( ii ) for the words Company Law Board , the words Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunal shall be substituted; ( e ) in clause ( ix ) ( i ) in sub-clause ( a ), for the words Wealth tax , the words Wealth tax, Service tax shall be substituted; .....

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..... r the words other securities , the words other investments shall be substituted; ( i ) in clause ( xvii ), the words and vice versa shall be omitted. ( j ) in clause ( xix ), for the words securities have , the words security or charge has shall be substituted. [F. No. 2/28/2002-CL-V] JITESH KHOSLA, Jt. Secy Note:- The Principal Order was issued vide notification N .....

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