MCA
has released Companies (Removal of Difficulties) Seventh Order, 2014 dated
September 4, 2014.
In section 143 of the Companies Act, 2013 in sub-section (5), for the portion
beginning with the words, “In the case of a Government company” and
ending with the words "required to be audited and", the following
shall be substituted, namely :
-
"In the case of a Government company or any other company owned or
controlled, directly or indirectly, by the Central Government, or by any State
Government or Governments, or partly by the Central Government and partly by
one or more State Governments, the Comptroller and Auditor-General of India
shall appoint the auditor under sub-section (5) or sub-section (7) of section
139 and direct such auditor the manner in which the accounts of the company are
required to be audited and".
Ambiguities
have thus been cleared