Absence of Adverse Comments in Audit Report: Andhra HC allows Application for Half-Yearly Accounts in Liquidation u/s 462 of Companies Act [Read Order]

The court's order included permission to meet the cost of the application and any miscellaneous expenses from the available funds of the company
By Ashkar Tovarishch - On July 26, 2024 3:16 pm - 2 mins read
Absence of Adverse Comments - Absence of Adverse Comments in Audit Report - Andhra Pradesh High Court ruling - taxscan

The High Court of Andhra Pradesh has allowed the company application filed under Section 462 of the Companies Act, 1956, read with Rule 298 and Rule 306 of the Companies (Court) Rules, 1959, due to the absence of adverse comments in the audit report. The case involved a request from the Official Liquidator to take…

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