My Important question ans suggestion is as under.
Accounts are covered for inspection of records and register and as statutory records and registers. To arrest wrong doings by Auditors in statutory Published accounts include , even mere book entry of profit, the same auditor excludes the same income in Tax Audit Report as not taxable income. Under such circumstances Tax Audit Report should be included as records and registers for members inspection also. They can not be prevented. In other way out it is a statutory records and part of Published accounts circulated to shareholder. Not granting the inspection of such records means to allow unscrupulous person , management to do their way.I have strong opinion that Tax Audit Report is also a part of statutory records and registers as required under the Companies Act for inspection to shareholders.
This also reminds me of another thing . While calculating Managerial Remuneration Profit % is also given to Directors etc. Why and how the calculation of Managerial Remuneration and Commission is discontinued. This way also unscrupulous Management taking advantage of doing their wishes for remuneration.
This is my strong suggestion.M C A also issue circular to this matter appropriately in the interest of Law Compliance .
I am sending this message to Ministry of Corporate Affairs and their offices to think over this things.
Shah D J
On Wednesday, 6 August 2014 12:47 AM, "Mohan Kumar snehamohankumar@yahoo.co.in [company_secretary]" <company_secretary@yahoogroups.com> wrote:
Friends,Happy to share the next meeting invitation of Chennai West Study Circle (ICSI- SIRC).
This is a 2 Credit hour meeting to be held on 9th August 2014, Saturday at 4.30 PM.
Important topics relating to :Statutory Registers Under Companies ActCommittees & Policies Under Companies Actis to be discussed.Request you to send your confirmations soon, as the seats are limited.
__._,_.___
Posted by: Dipak Shah <djshah1944@yahoo.com>
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