Some matters must be stated in a company auditor's report under section 143(3) of the Companies Act, 2013 itself, while others are reported under the Companies (Auditor's Report) Order, 2020 issued…
Question and options
Some matters must be stated in a company auditor's report under section 143(3) of the Companies Act, 2013 itself, while others are reported under the Companies (Auditor's Report) Order, 2020 issued under section 143(11). Which of these is a section 143(3) matter?
Whether undisputed statutory dues such as GST are deposited
Whether the company has defaulted in repaying its borrowings
Whether cost records required under section 148(1) are kept
Whether any director is disqualified under section 164(2)
Answer and explanation
Section 143(3)(g) of the Companies Act, 2013 requires the auditor's report to state whether any director is disqualified from appointment under section 164(2). Maintenance of cost records, regular deposit of undisputed statutory dues and defaults in repaying loans or borrowings are reported under paragraphs 3(vi), 3(vii) and 3(ix) of the Companies (Auditor's Report) Order, 2020, which the Central Government issues under section 143(11), not under section 143(3).
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