Section 378ZG Duties of auditor under this Chapter
- Chapter
- XXIA · Producer Companies
- Amendments
- 1
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021378ZG. Duties of auditor under this Chapter.—
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021Without prejudice to the provisions contained in section 143, the auditor shall report on the following additional matters relating to the Producer Company, namely:—
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(a) the amount of debts due alongwith particulars of bad debts, if any;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(b) the verification of cash balance and securities;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(c) the details of assets and liabilities;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(d) all transactions which appear to be contrary to the provisions of this Chapter;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(e) the loans given by the Producer Company to the directors;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(f) the donations or subscriptions given by the Producer Company;
Inserted by Companies (Amendment) Act, 2020, s. 52, with effect from 11 February 2021(g) any other matter as may be considered necessary by the auditor.