‘STATUTORY AUDIT REPORT’ MUST DISCLOSE DETAILS OF ‘SPECIFIED BANK NOTES’.

Ministry of corporate affairs has vide its notification dated 30th March, 2017, has made amendments in Rule 11 of Companies (Audit and Auditors) Rules, 2017. As per these amendments ‘Statutory Auditors’  of every company has to give disclosure in his ‘Report’ about the details of Specified Bank Notes (SBNs) held and transacted during demonetization period by the Company. The format of disclosure is prescribed in these rules  by Ministry.

 

You can download the full text of this amended rules from the following link:

http://egazette.nic.in/WriteReadData/2017/175074.pdf

 

For Kashif Ali & Associates

CS Mohd Saqib

Company Secretary

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