This notification, G.S.R. 307(E), issued by the Ministry of Corporate Affairs and published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i), No. 243, dated March 30, 2017, enacts the Companies (Audit and Auditors) Amendment Rules, 2017. These rules, which take effect on the date of publication, amend the Companies (Audit and Auditors) Rules, 2014. Specifically, they insert clause (d) after clause (c) in rule 11, mandating that auditors assess whether companies have adequately disclosed holdings and dealings in Specified Bank Notes in their financial statements for the period between November 8, 2016, and December 30, 2016, and whether these disclosures align with the company's books of accounts. The notification is issued under the powers conferred by section 143, read with subsections 1 and 2 of section 469 of the Companies Act, 2013 (18 of 2013). The F. No. is 1/33/2013-CL.V Vol.I, and the notification is signed by Amardeep Singh Bhatia, Jt. Secy. The principal rules were initially published under G.S.R. 246(E) on March 31, 2014, and subsequently amended by G.S.R. 722(E) on October 14, 2014, and G.S.R. 972(E) on December 14, 2015.
Key Entities Referenced
Companies Act, 2013: An Act of the Parliament of India that regulates Indian companies.
Companies Audit and Auditors Rules, 2014: Rules pertaining to company audits and auditors in India, which are being amended by this notification.
Companies Audit and Auditors Amendment Rules, 2017: The rules that are being introduced to amend the Companies Audit and Auditors Rules, 2014.
Ministry of Corporate Affairs: The Indian government ministry responsible for administering the Companies Act 2013 and other related regulations.
New Delhi: The location where the notification was issued.
Amardeep Singh Bhatia: Joint Secretary who issued the notification.
Specified Bank Notes: Refers to the bank notes specified by the government regarding disclosures in financial statements.
8th November, 2016 to 30th December, 2016: The period during which companies are required to disclose holdings and dealings in Specified Bank Notes.
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PART II—Section 3—Sub-section (i)
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No. 243] NEW DELHI, THURSDAY, MARCH 30, 2017/CHAITRA 9, 1939
कारपोरेट काय (cid:6981)म(cid:7074)ं ालय
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 30 माच(cid:6981), 2017
सा.का.िन. 307(अ).— क(cid:7286)(cid:7076)ीय सरकार, कंपनी अिधिनयम, 2013 (2013 का 18) क(cid:7409) धारा 469 क(cid:7409) उपधारा (1)
और (2) के साथ प(cid:7407)ठत धारा 143 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करते (cid:7263)ए कंपनी (लेखापरी(cid:6979)ा और लेखापरी(cid:6979)क) िनयम,
2014 म(cid:7286) और संशोधन करन े के िलए िन(cid:7388)िलिखत िनयम बनाती ह,ै अथा(cid:6981)त् –
1. (1) इन िनयम(cid:7298) का नाम कंपनी (लेखापरी(cid:6979)ा और लेखापरी(cid:6979)क) संशोधन िनयम, 2017 ह।ै
(2) य ेउनके शासक(cid:7409)य राजप(cid:7074) म(cid:7286) (cid:7079)काशन क(cid:7409) तारीख से (cid:7079)वृ(cid:7275) ह(cid:7298)गे।
2. कंपनी (लेखापरी(cid:6979)ा और लेखापरी(cid:6979)क) िनयम, 2014 के िनयम 11 म,(cid:7286) खंड (ग) के प(cid:7391)ात्, िन(cid:7388)िलिखत खंड
अंतः(cid:7021)थािपत (cid:7408)कया जाएगा, अथा(cid:6981)त् :–
“(घ) (cid:6989)या कंपनी न े अपने िव(cid:7275)ीय िववरण(cid:7298) म (cid:7286) अपनी धृि(cid:7275)य(cid:7298) और उसके साथ-साथ तारीख 08 नवंबर, 2016 स े
30 (cid:7408)दसंबर, 2016 क(cid:7409) अविध के दौरान िविन(cid:7416)द(cid:7397) ब(cid:7289)क नोट स(cid:7390)ं वहार के िवषय म(cid:7286) अपेि(cid:6979)त (cid:7079)कटीकरण (cid:7408)कए ह,(cid:7289) और
य(cid:7408)द ऐसा ह ै तो (cid:6989)या यह कंपनी (cid:7367)ारा रखी गई लेखाबिहय(cid:7298) के अनुसार ह।ै “
[फा. सं. 1/33/2013-सीएल-V-(खंड I)]
अमरदीप (cid:7410)सह भा(cid:7407)टया, संयु(cid:7334) सिचव
(cid:7407)ट(cid:7009)पण : मूल िनयम, तारीख 31 माच(cid:6981), 2014 क(cid:7409) सा.का.िन. सं(cid:6990)यांक 246(अ) (cid:7367)ारा भारत के राजप(cid:7074), असाधारण, भाग II,
खंड 3, उपखंड (i) म (cid:7286) (cid:7079)कािशत (cid:7408)कए गए थ े और त(cid:7004)प(cid:7391)ात ् तारीख 14 अ(cid:7334)ूबर, 2014 क(cid:7409) सा.का.िन. सं(cid:6990)यांक
722(अ) और तारीख 14 (cid:7408)दसंबर, 2015 को सा.का.िन. सं(cid:6990)यांक 972(अ) (cid:7367)ारा त(cid:7004)प(cid:7391)ात ्संशोिधत (cid:7408)कए गए थे।
1800 GI/2017 (1)(cid:32)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 30th March, 2017
G.S.R. 307(E).—In exercise of powers conferred by section 143 read with sub-sections (1) and (2) of
section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules
further to amend the Companies (Audit and Auditors) Rules, 2014, namely:—
1. (1) These rules may be called the Companies (Audit and Auditors) Amendment Rules, 2017.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Companies (Audit and Auditors) Rules, 2014, in rule 11, after clause (c), the following clause shall be
inserted, namely:—
“(d) whether the company had provided requisite disclosures in its financial statements as to holdings as
well as dealings in Specified Bank Notes during the period from 8th November, 2016 to 30th December,
2016 and if so, whether these are in accordance with the books of accounts maintained by the company.”.
[F. No. 1/33/2013-CL-V-(Vol.I)]
AMARDEEP SINGH BHATIA, Jt. Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section
(i), (cid:32)(cid:105)(cid:100)(cid:101)(cid:118) number G.S.R. 246(E), dated the 31st March, 2014, subsequently amended (cid:105)(cid:100)(cid:101)(cid:118) G.S.R. 722(E),
dated the 14th October, 2014 and (cid:105)(cid:100)(cid:101)(cid:118) G.S.R. 972(E), dated the 14th December, 2015.
(cid:32)
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