How would you deal with the following situations under the provisions of the Companies Act, 2013: The Board of directors of a company decides to revise the accounts which have already been adopted by the shareholders in

In the second scenario where the Board of Directors of a company has decided to revise the accounts which have been already adopted by the share-holders in Annual General Meeting, they can opt for voluntary revision of Financial Statement or Board Report as per Section 131 (1) of the Companies Act, 2013. However as per Section 131(2) of the Companies Act, 2013, the extension of revision must be limited to the correction in respect of which the previous financial statement or board report, has not complied with the provisions of Section 129 or Section 134 of the Companies Act, 2013; and any necessary consequential alternation.