MCA amends Companies (Audit and Auditors) Rules, 2014; requires additional disclosure from cos.

The Ministry of Corporate Affairs (MCA) vide notification dated 24 March 2021 has amended the Companies (Audit and Auditors) Amendment Rules, 2014 in reference to section 139, 143, 147 and 148 of the Companies Act, 2013 wherein some new additional reporting requirements have been inserted in Rule 11 which are to be disclosed in the audit report. The amended Rules shall be effective from 1 April 2021.The Ministry of Corporate Affairs (MCA) vide notification dated 24 March 2021 has amended the Companies (Audit and Auditors) Amendment Rules, 2014 in reference to section 139, 143, 147 and 148 of the Companies Act, 2013 wherein some new additional reporting requirements have been inserted in Rule 11 which are to be disclosed in the audit report. The amended Rules shall be effective from 1 April 2021.taxmann.com Latest Statutory HappeningsRead More

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