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<a href="http://www.accessmylibrary.com/article-1G1-81579306/cag-faults-companies-act.html" title="Facts and information about CAG FAULTS COMPANIES ACT (Section 292 A of the Companies Act, 1956, affects functioning of the audit committee, says CAG).">CAG FAULTS COMPANIES ACT (Section 292 A of the Companies Act, 1956, affects functioning of the audit committee, says CAG).</a>
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CAG FAULTS COMPANIES ACT (Section 292 A of the Companies Act, 1956, affects functioning of the audit committee, says CAG).
The Comptroller and Auditor General of India (CAG) has said that the audit committee provisions in the Companies Act are rigid and too specific.
The Government of India amended the Companies Act, 1956, in Dec 2000 to insert Section 292 A on audit committees. CAG has pointed out that the Section affected the functioning of the audit …
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