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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

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BS Web Team New Delhi

2 min read Last Updated : Sep 01 2022 | 4:12 PM IST

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

Topics : Companies Deposit auditors Ministry of Corporate Affairs company law loan deposit rates Indian Auditory Investment Guide corporate

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