SHREE ASHTAVINAYAK CINE VISION LTD. - Clause 41 Adoption of Audited Financial Results
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| 15 May 2014 | |
| Shree Ashtavinayak Cine Vision Ltd has informed BSE as under:<br/><br/>"The Board of Directors at its meeting held on April 17, 2014 appointed B. Vithalani and Co. Chartered Accountants, as Statutory Auditors of the Company on resignation of Shah Shah and Shah as statutory Auditors of the Company.<br/><br/>The incoming auditor has approached to resigning Auditors for the NoC under the code of conduct the ICAI, and the Shah Shah and Shah, instead of giving NOC, advised to ensure that the Company should make payment of outstanding fees before accepting the appointment.<br/><br/>The Company is not able to pay fees of the Auditors, as it has not paid even salaries of the Staff, statutory dues of the Govt. etc., due to financial crisis.<br/><br/>Thus, the Company is unable to get the books of accounts audited and comply with Clause 41 of the Listing Agreement as to adoption and publication of the Audited Financial Statement of the Company for the quarter and year ended March 31, 2014 on or before May 30, 2014". | |
| View all announcements for SHREE ASHTAVINAYAK CINE VISION LTD. | Source: BSE India |
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