hard20 pts · first answer countsaudit-reportingcompanies-act

Reopening accounts on a Tribunal order

The income-tax department believes a company’s accounts for six years ago were prepared fraudulently. How can those accounts be reopened under section 130?

A.The board can reopen them by passing a board resolutionB.The auditor can reopen them during the next statutory auditC.Only on a court or Tribunal order, up to eight preceding yearsD.Only with members’ approval by special resolution at an EGM

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Reopening accounts on a Tribunal order

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