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Mudigandur Soumyamudigandur soumya asked 9 months ago
1 Answers
RaviRavi Staff answered 9 months ago

from case it is understood that company prepares 2 sets of financial statement 
1st as per AS to present in AGM 
2nd as per Ind AS to be sent to holding for consolidation  
For Audit Report in first case Sec 143 is applicable so there will be “Other Legal and Regulatory Requirement Para”
For Audit report in second case such seperate section is not required as it is not for AGM but for reporting to holding company
so answer “b” is correct  

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