Companies (Auditor’s Report) Second Amendment Order, 2020.
S.O. 4588(E).— In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following Order further to amend the Companies (Auditor’s Report) Order, 2020, namely:-
- Short title, application and commencement. –
(1) This Order may be called the Companies (Auditor’s Report) Second Amendment Order, 2020.
(2) It shall come into force on the date of its publication in the Official Gazette. - In the Companies (Auditor’s Report) Order, 2020, in paragraph 2, for the figures, letters and word “1st April, 2020”, the figures, letters and word “1st April, 2021” shall be substituted.
Note: The principal order was published in the Gazette of India, Extraordinary, Part II, section 3, subsection (ii), vide number S.O. 849(E), dated the 25th February, 2020 and was subsequently amended
vide number S.O. 1219 (E), dated the 24th March, 2020.
Every report made by the auditor under section 143 of the Companies Act on the accounts of every company audited by him, to which this Order applies, for the financial years commencing on or after the t April, 2019, shall contain report on matters specified in paragraphs 3 and 4 of the CARO 2020. Big unlisted companies operating under sec. 8 of the CA 2013 should not be exempted from the new CARO 2020. Please make it mandatory for such companies to adopt CARO 2020 as they have vast amount of immovable properties and show an annual turnover of more than Rs. 2000.