Question
According to the stipulations for reporting fraud, when
is the Statutory Auditor required to forward a report to the Secretary, Ministry of Corporate Affairs, Government of India?Solution
The Statutory Auditor forwards a report to the Secretary, Ministry of Corporate Affairs, Government of India, in the case of reporting fraud involving or expected to involve individually an amount of one crore rupees or more, if no reply or observations are received from the Board/Audit Committee within 45 days.
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