Voluntary Revision of Financial Statements or Board’s Report

Section 131 of the Companies Act, 2013 deals with Voluntary Revision of Financial Statements or Board’s Report.

If it appears to the Directors of a Company that the Financial Statements or Board’s Report of the Company do not comply with the provisions of Section 129 and Section 134 of the Companies Act, 2013, they may prepare revisedFinancial Statements or revised Board’s Report in respect of any of the three preceding financial year after obtaining approval of the NCLTon an application made by the company in such form and manner as may be prescribed and a copy of the order passed by the Tribunal shall be filed with the Regsitrar.