SIR CAN U PLEASE EXPLAIN THE DIFFERENCE BETWEEN STATEMENT OF DEVIATION AND STATEMENT OF VARIATION?

Questions › Category: CA-Final Corporate Governance › SIR CAN U PLEASE EXPLAIN THE DIFFERENCE BETWEEN STATEMENT OF DEVIATION AND STATEMENT OF VARIATION?

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sagar goenka asked 6 years ago

2 Answers

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Ravi Staff answered 6 years ago

Statement of Deviation explains difference between application of money as per prospectus and as in reality .
Statement of variations how internal allocation of between capital expenditure , buildings, machines , working capital , is different from that promised

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Ravi Staff answered 6 years ago

Statement of Deviation focuses on whether PURPOSE for which money is raised is used.
Statement of Variation is even if it used for proper purpose whether internal allocation is fine.