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Showing contexts for: unsigned statement in C.G.Holdings Private Limited vs Ramasamy Athappan on 5 August, 2011Matching Fragments
36. KCP's lack of diligence in discharging statutory duties:- In its order, the Company Law Board observed that KCP is accountable for not having diligently discharged its statutory duties cast on him. The Company Law Board further observed that the acts of KCP would frustrate the Business Plan of CEPL and that his acts are oppressive of ORE and R.Athappan apart from his acts being contrary to the terms of JVA.
37. As pointed out earlier, the Company Law Board appointed Deloitte Haskins & Sells, Chartered Accountants to carry on independent audit of transactions of CEPL for the year ended 31.3.2005. In its order, the Company Law Board observed that the Auditor's Report is inconclusive due to lack of requisite information which ought to have been furnished by KCP and hence the Chartered Accountants were constrained to rely upon the unsigned financial statements of accounts of which they could not confirm accuracy of the figures as stated in the report.