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10 Case No 1/ December 24
In the Matter of
M/s. Holitech India Private Limited
Registrar of Companies, Kanpur Uttar Pradesh
Adjudication Order No. 07/01/Adj.134(3)(f) Holitech India Private Limited /5458
Date of Order: 13th November, 2023
Adjudication order for violation of section 134(3)(f) of the Companies Act 2013 by the Company and its Directors: Failure to provide explanations and comments in the Board Report on the qualification made by the Statutory Auditors in his Report.
FACTS
The Inquiry Officer (“IO”) during the course of his enquiry had observed from the Audit Report for the Financial Year ended as on 31st March, 2020, that the Statutory Auditor had given Qualified Report stating that the company did not have appropriate system regarding receipt and issue of inventories for production, overheads, trade payable which could potentially result in under statement and overstatement of financial of the company.
The Board Report for the said financial year did not include the
