Certificate from Auditors Homework Help

Certificate from Auditors

In case, every issue of shares/warrants/FCDs/PCDs/or other financial instruments with the conversion option, the statutory auditors of the issuer company should certify that the issue of the said instruments is being made in accordance with the requirements contained in these guidelines. The copies of the auditors certificate should also be laid before the meeting of the shareholders convened to consider the proposed issue.

The details of all money utilized out of the preferential issue proceeds should be disclosed under appropriate head in the balance sheet of the company indicating the purpose for which it has been used. The details of unfertilized money and the form in which it is invested should also be disclosed.

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