Companies Act

Section 378ZG. Duties Of Auditor Under This Chapter

¹[378ZG. Duties of auditor under this Chapter.–Without prejudice to the provisions contained in section 143, the auditor shall report on the following additional matters relating to the Producer Company, namely:–

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(a) the amount of debts due alongwith particulars of bad debts, if any;

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(b) the verification of cash balance and securities;

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(c) the details of assets and liabilities;

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(d) all transactions which appear to be contrary to the provisions of this Chapter;

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(e) the loans given by the Producer Company to the directors;

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(f) the donations or subscriptions given by the Producer Company;

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(g) any other matter as may be considered necessary by the auditor.]

1. Ins. by Act 29 of 2020, s. 52 (w.e.f. 11-2-2021).