A Private Limited Company has taken a Loan from LLP (the Partner of LLP is also a Director in the Company), is there any violation as per Companies Act, and how to report the same in the Auditors Report.
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If shareholders cannot appoint the Statutory auditors in General Meeting, then who will will appoint the auditors?
auditors
appointment
Who will be responsible for errors in report if external auditor relies on the work of internal auditor?
responsibility
report
auditorss
The government is set to tighten norms for auditors and independent directors. The move is part of a fresh overhaul of the Companies Act, which is in the works. Auditors may not be able to get away by simply resigning from assignments when the going gets tough. The government is looking to mandate a report by the auditors to the shareholders, which will list the reasons for their resignation. Besides, rules are proposed to be tightened for independent directors, who will have to step down from board on completion of a specified number of years. It will come with the stipulation that an individual’s term as an additional director will be added to the tenure as an independent director so that board members do not get entrenched in the company.
Can any one share the reason for the Resignation of an Auditor ?
Can anyone share the Provisions Related to Audit and Auditors Under Companies Act, 2013
An Auditor who was a proprietor and a Statutory Auditor of Company has changed constitution of Proprietorship to Partnership Firm and Bank Account & PAN No has also changed.
Therefore, the question which arises here is whether the Casual Vacancy has arises here and if so then Company has to file his resignation and appoint another auditor in his place or any other process need to follow to report the change about the constitution of the firm with the ROC but in which form ?
and If his appointment will continue without any fresh intimation to MCA, then whether the Company has to give intimation to Stock exchange as the Company is listed.
Reply Awaiting :-
firm
auditors
constitution
change
With reference to Section 146 of the Companies Act, 2013 an Auditor is required to Attend General meetings of the company unless otherwise "exempted by the company," therefore:
What is the process and can be reasons for the Auditor who can ask for an exemption in attending the General meeting of the company?
More, Whether the company is required to pass a resolution,.Ordinary/Special for granting this exemption or the board is authorized to provide this exemption.
Because here the word used "exempted by the company," so what we can consider? If anyone has an explanation on this please assist in better understanding.
Dear Members
pls share your views regarding the appointment of auditor in case of LLP having the contribution more than 25 Lakhs and the form to be file at the roc office in this regard..
any idea regarding the meetings to be held in case of LLP.
Pls share ur views.
case
auditors
appointment
Dear All,
Could you please help in following, Received queries from RBI
"Statutory Auditor’s Certificate to the effect that for the FY 2018-19 the company has complied with the provisions of RBI Act, 1934 and prudential norms relating to income recognition, asset classification and provisioning for standard, bad and doubtful assets as applicable to it. "
Please share the format for the same if available. It would be very greatful.
format
certificate
auditors
statutory
Hi everyone,
Can anyone please suggest what would be the procedure for changing the auditors once appointed but now directors wants to change them without even completion of one year.
We have already approved in shareholder meeting and have filed the necessary forms.
auditors
appointment
Does anyone has removal of auditors document? Can you please share.
Required format Statutory Auditor’s certificate to the effect that the company has complied with all the prudential norms as prescribed by RBI.
certificate
auditors
statutory
