Commencement notification of Section 13 &14 of the Companies (Amendment) Act,2015
MCA has appointed 14th Decemeber, 2015 as the date on which the provisions of Section 13 & 14 of the Companies (Amendment) Act,2015 shall come into force. Section 13 of the Companies (Amendment) Act,2015 In section 143 of the Companies act, 2013, for sub-section (12), the following sub-section shall be substituted, namely:— “(12) Notwithstanding anything contained in this section, if an auditor of a company in the course of the performance of his duties as auditor, has reason to believe that an offence of fraud involving such amount or amounts as may be prescribed, is being or has been committed in the company by its officers or employees, the auditor shall report the matter to the Central Government within such time and in such manner as may be prescribed: Provided that in case of a fraud involving lesser than the specified amount, the auditor shall report the matter to the audit committee constituted under section 177 or to the Board in other case...