Statutory Auditor Reporting Requirements

Summary

Statutory auditors in Karnataka are not required to report each shareholder complaint individually after an AGM under the Companies Act, 2013. Relevant sections like 143, 145, and 146 focus on significant issues and compliance. Shareholders can ask questions about past accounts, but auditors are not obliged to answer every query. Auditors should ensure compliance and report significant issues, while shareholders have rights to seek clarifications on company accounts and appointments.

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GIVE ME SECTIONS WHICH GIVE RELIEF TO AUDITOR AS NEED NOT TO REPLY EACH SHAREHOLDERS
Under the Companies Act, *, the relevant sections that provide relief to auditors from replying to each shareholder individually include:
- Section *: Powers and Duties of Auditors
- Section *: Auditor to Sign Audit Reports, etc.
- Section *: Auditors to Attend General Meeting
These sections collectively ensure that auditors report significant issues and compliance matters, not individual complaints.
Is there anything more specific you would like to know?
AS A AUDITOR HOW TO ESCAPE FROM SHARHEOLDERS QUESTIONS AND WHICH LAW PREVENT THEM
In Karnataka, as per the Companies Act, *, auditors are not specifically required to address each shareholder’s question individually.
- Section *: Powers and Duties of Auditors
- Section *: Auditor to Sign Audit Reports, etc.
- Section *: Auditors to Attend General Meeting
These sections mandate auditors to report significant issues, ensuring compliance but not addressing every individual query.
Do you need more information on handling specific scenarios or any other details?
RIGHTS TO ASK DOUBTS IN COMPANY ACCOUNTS , APPOINTMENT OF AUDITORS, DIRECTORS, FIXING DIRECTORS REMUNERATION FOR THE PAST YEARS.
As a shareholder, you have the right to ask questions and seek clarifications regarding company accounts, appointment of auditors, directors, and their remuneration under the Companies Act, *. Relevant sections include:
- Section *: Auditor to Sign Audit Reports, etc.
- Section *: Auditors to Attend General Meeting
- Section *: Disclosure of Interest by Directors
- Section *: Overall Maximum Managerial Remuneration
- Section *: Secretarial Audit for Bigger Companies
Is there a specific aspect of these topics you need more detailed information on?
CAN SHAREHOLDER ASK DOUBTS FOR PAST YEARS WITH AUDITOR
Yes, shareholders can ask questions related to past years' accounts and other matters. Under the Companies Act, *, shareholders have the right to seek information and clarifications during the Annual General Meeting (AGM). Auditors are required to address significant issues but are not obliged to answer every individual query.
Do you need information on how to formally raise these questions?
AS A AUDITOR HOW TO RESPOND THE ABOVE SHAREHOLDER
As an auditor, you can respond to the shareholder as follows:
"Dear Shareholder,
Thank you for your questions. As per the Companies Act, *, auditors are required to report significant issues and ensure compliance, but we are not obliged to address every individual query. You may refer to Sections *, *, and * for more details.
Best regards,
[Your Name]"
Is there anything more specific you would like to know about handling shareholders' queries?