The ICAI under the New Companies Act, Section ______ demands transparency in all company.a.125b.145c.130d.129

The correct answer to your question regarding the section of the New Companies Act that demands transparency in all companies is d. 129.

Explanation

Section 129 of the Companies Act, 2013 relates to the preparation of financial statements. It mandates that every company must prepare its financial statement in compliance with the accounting standards prescribed and must present a true and fair view of the company’s state of affairs. This section emphasizes transparency, ensuring that stakeholders such as investors, regulators, and the public have access to accurate and comprehensible financial information. This is crucial for maintaining investor confidence and upholding legal standards within corporate governance.

Sections 125 and 145 pertain to the Investor Education and Protection Fund and auditor's report respectively, while Section 130 deals with the revision of financial statements. However, it's Section 129 that is primarily focused on the transparency of financial reporting.