Business Standard

MCA tweaks rules about company deposits, enhances statutory auditors' role

The new rules, according to experts, will widen the responsibility of directors to the statutory auditors. They came into effect on August 29

Insured deposits constitute 28.1% of assessable deposit base at March-end
Premium

BS Web Team New Delhi
The Ministry of Corporate Affairs (MCA), in a bid to bring greater transparency in deposits, has amended the rules related to companies and statutory auditors. 
 
According to a report by BusinessLine, the new rules will require companies to submit information related to liquid assets. The auditors will have to submit

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 01 2022 | 4:12 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com