law: Companies Act, 2013 
  130.
  
    Re-opening
  
  of accounts on court’s or Tribunal’s orders.
  1.      A company shall not
  
  re-open its books of account and not recast its financial statements, unless an
  
  application in this regard is made by the Central Government, the Income-tax
  
  authorities, the Securities and Exchange Board, any other statutory regulatory
  
  body or authority or any person concerned and an order is made by a court of
  
  competent jurisdiction or the Tribunal to the effect that—
               
  
   i.        
  
    the
  
  relevant earlier accounts were prepared in a fraudulent manner; or
              
  
   ii.        
  
    the
  
  affairs of the company were mismanaged during the relevant period, casting a
  
  doubt on the reliability of financial statements:
  Provided
  
  that the court or the Tribunal, as the case may be, shall give notice to the
  
  Central Government, the Income-tax authorities, the Securities and Exchange
  
  Board or any other statutory regulatory body or authority concerned and shall
  
  take into consideration the representations, if any, made by that Government or
  
  the authorities, Securities and Exchange Board or the body or authority
  
  concerned before passing any order under this section.
  2.      Without prejudice to
  
  the provisions contained in this Act the accounts so revised or re-cast under
  
  sub-section (1 ) shall be final.