Updates by CA Atul Modani
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Tax And Legal Updates by CA Atul Modani
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Want to know to which State would the IGST on a transaction accrue to? Would like to run a check on whether you are eligible to take the tax credit on a particular B2B transaction? Or just want to check out the PoS (Place of Supply) excel utility -


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Question: Whether auditor can sign the auditor report and financial statements after 06.09.2019?

I.      *Provision of Holding of AGM:*

As per provisions of Section 101, A general meeting of a company may be called by giving not less than clear 21 days notice either in writing or through electronic mode.

II.      *Shorter Notice:*
A General Meeting May Be Called After Giving Shorter Notice Than That specified in this sub-section if consent, in writing or by electronic mode, is  given by not less than 95% of the members entitled to vote thereat;

Note: If a Company received consent of 95% of the member entitled to vote then they can hold Board Meeting even on 29.09.2019 and call AGM on 30.09.2019.

III.      *Date of Signing of Balance Sheet:*

As per guidelines of ICAI Auditors have to generate UDIN at the time of signing of Auditor Report and Financial Statement.

Therefore, if auditor Sign Financial statements on or before 06.09.2019 then on same date Company can issue clear 21 days notice to shareholders of Company;

However, if auditor signs financial statement after 06.09.2019 then company can hold AGM only on short notice.

Note: If company hold AGM on shorter notice then consent of Members as mentioned above is mandatory.

Therefore, one can opine that as per Section 101, 129 of Companies act, 2013 read with ICAI guidelines of UDIN;
A Statutory auditor can sign the auditor report and financial statement even after 06.09.2019 and up to 29.09.2019 without any non compliance of law and simultaneously company can hold AGM by consent of shareholders of Company.
Multipurpose Empanelment Form date extended till 20th September, 2019. The last date for submission of Declaration is 25th September, 2019.


The last date for submission of MEF for Jammu & Kashmir is 30th September, 2019 alongwith Declaration
Biggest ever pan-India joint operation by Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against fraudulently claiming refund of IGST by exporters



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