Contingent Liabilities
Contingent liabilities can verify by reviewing the company’s financial statements and related disclosures. Companies are required to disclose significant that liabilities in their financial statements, along with a description of the nature of the liability and the likelihood of it being realized. The notes to the financial statements may also include information about any pending legal cases or regulatory proceedings that could result in a contingent liability. Additionally, companies may also disclose to verify contingent liabilities in their annual reports or other filings with regulatory authorities. It is recommended to consult a financial expert or auditor to help with verifying contingent liability
To visit: https://www.mca.gov.in/
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