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CMA Final · Corporate and Economic Laws · Accounts and Audit

Under the Companies Act, 2013, who causes the accounts of a Company Liquidator to be audited, and in what manner?

The Tribunal causes the Company Liquidator's accounts to be audited in such manner as it thinks fit. The liquidator's role is to furnish the vouchers and information required, while the Tribunal may also inspect any books of account he keeps.

  1. AThe Registrar, through a cost accountant appointed by him
  2. BThe members of the company, at a general meeting
  3. CThe Tribunal, in such manner as it thinks fitCorrect
  4. DThe Company Liquidator, through any auditor he chooses

Explanation

Section 294(3) states that the Tribunal shall cause the accounts to be audited in such manner as it thinks fit. The liquidator only furnishes vouchers and information. The Registrar receives a copy after audit but does not arrange the audit.

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