Section 378ZG: Duties of auditor under this Chapter
This section is for outlining the additional duties of an auditor in relation to a Producer Company.
The section, clause by clause
What the section says
In plain terms
Without prejudice to the provisions contained in section 143, the auditor shall report on the following additional matters relating to the Producer Company, namely:—
(a)the amount of debts due alongwith particulars of bad debts, if any;
(b)the verification of cash balance and securities;
(c)the details of assets and liabilities;
(d)all transactions which appear to be contrary to the provisions of this Chapter;
(e)the loans given by the Producer Company to the directors;
(f)the donations or subscriptions given by the Producer Company;
(g)any other matter as may be considered necessary by the auditor.
The right-hand column is written from the section text, not quoted from it, and it has no legal force. Where the two differ, the left-hand column is the law.
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Reproduced from the official India Code print for reference. Check the current text on India Code before you rely on it, and read the section alongside its Rules. Nothing here is legal advice.