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Auditors

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Auditors

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Who will appoint an auditor in a company in which a Government Company holds 56% Stake? Read More
Who will appoint an auditor in a company in which a Government Company holds 56% Stake?

Views (1676)
Posted By: Ashok 12 year(s) ago

Answer

Section 145 says auditor should sign audit report, Section 134 says directors etc should sign financial statements, why auditors s Read More
Section 145 says auditor should sign audit report, Section 134 says directors etc should sign financial statements, why auditors sign financial statements is it given under any section or it is a custom

Views (2372)
Posted By: Ravi 12 year(s) ago

Answer

Dear Team Companiesact.in, Greetings from CA Rahul Srivastava. I really appreciate the initiative for spreading awareness about ne Read More
Dear Team Companiesact.in, Greetings from CA Rahul Srivastava. I really appreciate the initiative for spreading awareness about new companies act. My question is that My Father is a Chief Finance Office of Company ABC Ltd, ABC had recently acquired 100% stake in another company called XYZ Ltd. My question is whether i am eligible to be appointed as an Auditor of XYZ, consdering the fact that my father will be a Key Management Person as the new Definition in Companies Act 2013. Thanks and best wishes

Views (1516)
Posted By: Rahul srivastava 12 year(s) ago

Answer

IF A COMPANY APPOINTS ABC & CO(PROPRIETORSHIP FIRM) AS AUDITOR AND SUBSEQUENTLY IT MERGES WITH ANOTHER AUDITOR FIRM XYZ & CO .IN T Read More
IF A COMPANY APPOINTS ABC & CO(PROPRIETORSHIP FIRM) AS AUDITOR AND SUBSEQUENTLY IT MERGES WITH ANOTHER AUDITOR FIRM XYZ & CO .IN THAT CASE CAN XYZ & CO BE THE AUDITOR OF THE COMPANY IF COMPANY ACCEPTS IT .IF YES THEN WHAT WILL BE THE PROCEDURE FOR THAT

Views (1991)
Posted By: Reena 12 year(s) ago

Answer

STATUTORY AUDITOR WAS APPOINTED IN CASUAL VACANCY FOR FY 2015-16. WHAT WILL BE HIS TERM IF APPOINTED AT ENSUING AGM. Read More
STATUTORY AUDITOR WAS APPOINTED IN CASUAL VACANCY FOR FY 2015-16. WHAT WILL BE HIS TERM IF APPOINTED AT ENSUING AGM.

Views (1362)
Posted By: Ravinder 10 year(s) ago

Answer

Does every year company require to file ADT1? Read More
Does every year company require to file ADT1?

Views (1493)
Posted By: Nandini 10 year(s) ago

Answer

A Private Limited Company has filed e form ADT-1 in respect of appointment of a Proprietory firm of Chartered Accountant on 3rd Oc Read More
A Private Limited Company has filed e form ADT-1 in respect of appointment of a Proprietory firm of Chartered Accountant on 3rd October 2015. The CA firm has now informed the company that there is change in Constitution of their firm and w.e.f 01.04.2016 it has become a Partnership firm with new Income Tax Pan Number. Should the company now file a fresh ADT -1? If so effective from which date? Please clarify

Views (1174)
Posted By: V. maslekar 10 year(s) ago

Answer

Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3years instead of 5 years? Read More
Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3years instead of 5 years?

Views (3495)
Posted By: Govind 11 year(s) ago

Answer

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

Views (1480)
Posted By: Pooja garg 10 year(s) ago

Answer

What is time limit for appointment of internal Auditor if we want to appoint internal auditor for the Year 2015-16 Read More
What is time limit for appointment of internal Auditor if we want to appoint internal auditor for the Year 2015-16

Views (2260)
Posted By: Jitesh 11 year(s) ago

Answer

An auditor is doing statutory audit from last 07 yrs.(i.e from 2008)of a Pvt.Ltd.Company.Can he still be appointed as auditor as p Read More
An auditor is doing statutory audit from last 07 yrs.(i.e from 2008)of a Pvt.Ltd.Company.Can he still be appointed as auditor as per new companies act.

Views (1292)
Posted By: Kamlesh 12 year(s) ago

Answer

A company has appointed statutory auditors for the financial year 2013-14 on 15/7/14 due to retirement of previous auditors.The co Read More
A company has appointed statutory auditors for the financial year 2013-14 on 15/7/14 due to retirement of previous auditors.The company has to file ADT-1 but there is no clear guideline on MCA-21 how to file the ADT-1.

Views (1441)
Posted By: Duttalahiri & co 12 year(s) ago

Answer

Whether the provisions of rotation of auditors are applicable to a private limited co. having a paid up share capital of Rs. 10 cr Read More
Whether the provisions of rotation of auditors are applicable to a private limited co. having a paid up share capital of Rs. 10 cr? As per subjection 2 of section 139 and rules thereon, this co. doesnt fall under the the said criteria. Does it mean that the Auditors of this co. can be reappinted for more than 5 years term.

Views (1518)
Posted By: Monali sharma 12 year(s) ago

Answer

Can a small company which is not subject to restrictions under Sec 139(2) of CA 2013, appoint statutory auditor for a period less Read More
Can a small company which is not subject to restrictions under Sec 139(2) of CA 2013, appoint statutory auditor for a period less than 5 years in AGM?

Views (1812)
Posted By: Latha 12 year(s) ago

Answer

Hi the appointment of auditors for a term of five years starts from this year itself or we hv the grace period of three years for Read More
Hi the appointment of auditors for a term of five years starts from this year itself or we hv the grace period of three years for small companies also(where rotation is not required).Further the form ADT-1 is required to be filed every year with ROC after ratification of auditors in AGM or it is required to be filed only once in five yrs i.e at the time of appointment for five years.

Views (1865)
Posted By: Anita 12 year(s) ago

Answer

Qualification in Audit Report for not having a Company Secretary : A pvt co having paid up capital of Rs. 7 crores does not have a Read More
Qualification in Audit Report for not having a Company Secretary : A pvt co having paid up capital of Rs. 7 crores does not have a Company secretary on its roll during 2014-15. Does Audit Report need to be qualified on this point ?

Views (1534)
Posted By: Manouj agrawaal, fca, partner 11 year(s) ago

Answer

In a Pvt Co., where rotation of auditors is not mandatory, the auditors were reappointed in AGM in September, 2014 for 1 year inst Read More
In a Pvt Co., where rotation of auditors is not mandatory, the auditors were reappointed in AGM in September, 2014 for 1 year instead of 5 years. Can the auditors now be reappointed for 4 years in the AGM in sep, 2015 or is there any other recourse ?

Views (1926)
Posted By: Manouj agrawaal, fca, partner 11 year(s) ago

Answer

CARO applicability : A pvt co has paid up capital of Rs. 10 lacs and reserve of Rs. 50 lacs. Turnover -Rs. 1 crore. Hence CARO has Read More
CARO applicability : A pvt co has paid up capital of Rs. 10 lacs and reserve of Rs. 50 lacs. Turnover -Rs. 1 crore. Hence CARO has been applicable for last many years on the basis of paid up & reserves more than Rs. 50 lacs. This year it also becomes a small company under the Companies Act, 2013 as paid up is less than Rs. 50 lacs. Will CARO continue to be applicable this year as well ?

Views (1235)
Posted By: Manouj agrawaal, fca, partner 11 year(s) ago

Answer

Internal Auditors in a pvt co : A private co has a CA firm as an internal auditors of last many years. As per Companies, 2013, Int Read More
Internal Auditors in a pvt co : A private co has a CA firm as an internal auditors of last many years. As per Companies, 2013, Internal auditors are not mandatory.Is filing of Form MGT 14 required for continuance of the same Internal audit firm ?

Views (1476)
Posted By: Manouj agrawaal, fca, partner 11 year(s) ago

Answer

WHAT WILL BE THE AUDITOR APPOINTMENT IN SMALL PVT COMPANIES WILL BE THE APPOINTMENT WILL BE FOR 5 YEARS AND GNL-2 IS REQUIRED TO Read More
WHAT WILL BE THE AUDITOR APPOINTMENT IN SMALL PVT COMPANIES WILL BE THE APPOINTMENT WILL BE FOR 5 YEARS AND GNL-2 IS REQUIRED TO BE FILED ONCE IN 5 YEARS

Views (1919)
Posted By: Reena 12 year(s) ago

Answer

What should be the date of appointment of Auditors who are appointed to fill Casual Vacancy pursuant to Sec.139(8)(i). Is Board Me Read More
What should be the date of appointment of Auditors who are appointed to fill Casual Vacancy pursuant to Sec.139(8)(i). Is Board Meeting date or EGM date? please clarify.

Views (1649)
Posted By: V. maslekar 11 year(s) ago

Answer

whether Form ADT-1 to be filed with ROC for appointment of Auditor in Casual Vacancy or not? Read More
whether Form ADT-1 to be filed with ROC for appointment of Auditor in Casual Vacancy or not?

Views (1870)
Posted By: Dhawal kant singh 11 year(s) ago

Answer

A Public Limited unlisted company has appointed statutory auditor in AGM 2014 for the financial year 2014-2015. Now company desire Read More
A Public Limited unlisted company has appointed statutory auditor in AGM 2014 for the financial year 2014-2015. Now company desires to appoint Joint Auditor to other CA Firm in company for year 2014-15. Please provide procedure to appoint joint auditor. Please also clarify that joint auditor may be appointed in Board Meeting. Or company required to appoint joint auditor in BM & also required approval of shareholders in EGM.

Views (1477)
Posted By: Sunil kumar agrawal 11 year(s) ago

Answer

Internal Auditor -As per section 138 of the Companies Act, 2013 such class of companies are required to appoint internal auditor Read More
Internal Auditor -As per section 138 of the Companies Act, 2013 such class of companies are required to appoint internal auditor who shall either be a chartered accountant (CA) or a cost accountant (CMA) or such other professional as may be decided by the board to conduct internal audit. As per rule 13 Explanation the internal auditor may or may not be an employee of the company. Please clarify following – 1) such other professional as may be decided by the board means an employee of the company M.com or LLB qualified may be the internal auditor. 2) An employee of the company CA Inter OR CMA Inter OR CS Inter may be the internal auditor. 3) An employee of the company CA, CMA or CS may be the internal auditor.

Views (2682)
Posted By: Sunil kumar agrawal 11 year(s) ago

Answer

Does income tax representation services can be rendered by an auditor under section 144 ? Are they covered in management services Read More
Does income tax representation services can be rendered by an auditor under section 144 ? Are they covered in management services ?

Views (1905)
Posted By: Manouj agrawaal, fca, partner 11 year(s) ago

Answer

Ours is an Unlisted Public Limited Company. The turnover of the Company has crossed Rs. 300 Crores as at 31.03.2015.Prior to 31.03 Read More
Ours is an Unlisted Public Limited Company. The turnover of the Company has crossed Rs. 300 Crores as at 31.03.2015.Prior to 31.03.2015, it had not crossed the turnover to Rs. 250 Crores. My Query is whether we will need to appoint the Secretarial Auditor for obtaining the Secretarial Audit Report for the year 2015-16 when the accounts have not been audited till date.

Views (1320)
Posted By: Anil 11 year(s) ago

Answer

If a existing Auditor has expressed his unwillingness to get reappointed at AGM can Board of Directors recommend appointment of ne Read More
If a existing Auditor has expressed his unwillingness to get reappointed at AGM can Board of Directors recommend appointment of new directors or a special notice is compulsoriy to be recived from members

Views (1353)
Posted By: Prerna 11 year(s) ago

Answer

how many number of audits can a CA can under take Read More
how many number of audits can a CA can under take

Views (1379)
Posted By: Mohit kumar 11 year(s) ago

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Whether filing of ADT-1 is mandatory for appointment of first Auditor at Board meeting ? And what about in case first auditor is Read More
Whether filing of ADT-1 is mandatory for appointment of first Auditor at Board meeting ? And what about in case first auditor is appointed by members in EGM ?

Views (2117)
Posted By: K. madhusudhan reddy 11 year(s) ago

Answer

The company has appointed Auditors in last year 2014 AGM for 5 years & filed to MCA Form ADT -1. This year the company has ratifie Read More
The company has appointed Auditors in last year 2014 AGM for 5 years & filed to MCA Form ADT -1. This year the company has ratified appointment of auditors for the year 2015-16 in AGM 2015. Is company required to file Form ADT -1 to MCA for ratification re-appointment of Auditors? Please clarify.

Views (1433)
Posted By: Sunil kumar agrawal 11 year(s) ago

Answer

The company has appointed Auditors in last year AGM for 1 year 2014-15. Now in year 2015 the company can re-appoint auditors for 5 Read More
The company has appointed Auditors in last year AGM for 1 year 2014-15. Now in year 2015 the company can re-appoint auditors for 5 years as per Section 139 of the Companies Act, 2013. Or the company can appoint auditors for 4 years. rotation of auditors is not applicable to the company. Please clarify.

Views (1629)
Posted By: Sunil kumar agrawal 11 year(s) ago

Answer

A private or a public company which does not fall in the prescribed class of companies under Sec 139(2) of co's Act 2013 , can app Read More
A private or a public company which does not fall in the prescribed class of companies under Sec 139(2) of co's Act 2013 , can appoint an auditor firm 3,4 or 5 times for a consective term of five years?

Views (1189)
Posted By: Kanika gupta 12 year(s) ago

Answer

Can the statutory auditor also do the Tax audit for the Company Read More
Can the statutory auditor also do the Tax audit for the Company

Views (1275)
Posted By: Arun kumar 12 year(s) ago

Answer

Will the company has to file ADT-1 for re-appointment of auditors for the financial year 13-14? Read More
Will the company has to file ADT-1 for re-appointment of auditors for the financial year 13-14?

Views (1416)
Posted By: Ravi 12 year(s) ago

Answer

In which e-Form attachment Form ADT-1 for appointing First Auditor will be attached and filed with ROC? Will it be filed in GNL-2? Read More
In which e-Form attachment Form ADT-1 for appointing First Auditor will be attached and filed with ROC? Will it be filed in GNL-2?

Views (2242)
Posted By: Piyush 12 year(s) ago

Answer

A private or a public company which does not fall in the prescribed class of companies under Sec 139(2) of co's Act 2013 , can app Read More
A private or a public company which does not fall in the prescribed class of companies under Sec 139(2) of co's Act 2013 , can appoint an auditor firm 3,4 or 5 times for a consective term of five years?

Views (1239)
Posted By: Kanika gupta 12 year(s) ago

Answer

A CA Firm in which 50 % of the Partners are directors of the Company can be appointed as internal Auditors of that Company? Read More
A CA Firm in which 50 % of the Partners are directors of the Company can be appointed as internal Auditors of that Company?

Views (1488)
Posted By: Akansha 12 year(s) ago

Answer

what is the last date for appointing the secretarial auditor? Read More
what is the last date for appointing the secretarial auditor?

Views (1512)
Posted By: Prekshi gupta 12 year(s) ago

Answer

Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it s Read More
Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it self?

Views (2013)
Posted By: V. maslekar 12 year(s) ago

Answer

Could you please clarify the following on the appointment of auditors please. We are private limited company having a paid up capi Read More
Could you please clarify the following on the appointment of auditors please. We are private limited company having a paid up capital of less than 20 crores. The existing auditors have completed 3years. We need to re-appoint in the AGM for next term. The present act requires appointment at the Board +AGM for 5 years. The clarification are as follows: a) Is it mandatory we have to appoint auditors for next 5years. b) If so whether we have to appoint for next two consequent years since they have already completed 3 years or for complete term of next 5 years. c) Will it be in compliance if we appoint for every 1 year as per the erstwhile act of 1956. d) Is it possible to leverage of sec 139(2) wherein three years have given for compliance as it states appointment includes re-appointment? We look forward to your valuable inputs on the above.

Views (1634)
Posted By: Tci chemicals india pvt ltd 12 year(s) ago

Answer

Can Form No.ADT-1 under Companies (Audit & Auditors) Rules, 2014, be signed by Company Secretary of the Company along with his PAN Read More
Can Form No.ADT-1 under Companies (Audit & Auditors) Rules, 2014, be signed by Company Secretary of the Company along with his PAN & Institute Membership Number?

Views (2070)
Posted By: V. maslekar 12 year(s) ago

Answer

In new Form ADT-1, point no.(f) asks for the period of accounts for which appointed. In small companies where rotation is not appl Read More
In new Form ADT-1, point no.(f) asks for the period of accounts for which appointed. In small companies where rotation is not applicable, we hv appointed auditors for five years.Now my query is -what should be entered in this column 01.04.2014-31.03.2015 or01.04.14 to 31.03.2019. The auditor is going to audit accounts of finacial year 14-15 only with this appointment for coming years ratification is needed as per law, but in resolution we r appointing them for five years.Further in next point g no of finacial year hv been asked for which the appointment is related but i think this column is meant for 139(2) companies only as it asks to fill point no.i before filling this point g.If smbody has filed the form pl. clarify

Views (2580)
Posted By: Anita 12 year(s) ago

Answer

The present form ADT1 seeks info on period of accounts for which appointed and no. of financial years to which appointment relates Read More
The present form ADT1 seeks info on period of accounts for which appointed and no. of financial years to which appointment relates. If an auditor is reappointed for 5 years with effect from 1st April 2014, should the period of accounts be entered as 1.4.2014 to 31.3.2019 and the number of financial years as 5?.

Views (2589)
Posted By: Latha 12 year(s) ago

Answer

In continuation on my query on appointment of auditors ok we hv to appoint the auditorss for a term of five years starting this yr Read More
In continuation on my query on appointment of auditors ok we hv to appoint the auditorss for a term of five years starting this yr only in case of non prescribed companies and file ADT-1. But the form ADT-1 is not available for e filing we hv to attach it in GNL-2, Right? Further in ADT-1 there is mention of the period for which appointment is being made and no attachment has been prescribed. Is it not necessary to attach any letter given to auditors or intimation reced from auditors with the form? And if we file ADT-i every year which period we will specify the appointment is for--one financial year or the the remaining 4,3 or 2 financial years?

Views (1731)
Posted By: Anita 12 year(s) ago

Answer

This is a case of a company to which Sec 139(2) of CA 2013 is not applicable. The present audit firm of the company is appointed f Read More
This is a case of a company to which Sec 139(2) of CA 2013 is not applicable. The present audit firm of the company is appointed for stat.audit since inception of the company (18 yrs). So the rotaion of auditors/firm under rule 6 is also not applicable. The tenure of the prev yrs held by the audit firm is 18 yrs though there could be 2 members of the same firm who have signed the auditor accounts over the past yrs. Form ADT 1 permits entry of only 10 yrs under pt no 4(i). Is there necessity to attach optional attachment for remaining 8 yrs?. Is the intent of law is only to seek the details of 10 yrs in case of audit firm as illustrated in rule 6 of the relevant rules?

Views (1610)
Posted By: Latha 12 year(s) ago

Answer

The appointment of statutory auditors require filing of Form ADT1 within 15 days of the AGM. The act permits appointment of statut Read More
The appointment of statutory auditors require filing of Form ADT1 within 15 days of the AGM. The act permits appointment of statutory auditor for more than a year with ratification by shareholders at every AGM. Form ADT1 does not have field relating to the period for which the stat.auditor is appointed. However Form GNL2 to which ADT1 is to be attached has to be filled with financial year to which it applies. Should we state just one year that is the 1st yr or the entire tenure say 3 yrs or 5 yrs as the case may be in GNL2?. Should the ratification be followed by filing of ADT1 within 15 days every year for the whole tenure? Though a similar query is recently raised, I would like to have specific reply. Hence the query.

Views (5034)
Posted By: Latha 12 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1493)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

Company have appointed Statutory Auditor at previous AGM for 3 Years. For this year whether compny needs to file ADT-1 for appoint Read More
Company have appointed Statutory Auditor at previous AGM for 3 Years. For this year whether compny needs to file ADT-1 for appointment of same auditor?

Views (1512)
Posted By: Kamlesh g pandya 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (2484)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

If the term of the statutory auditor ends in March 2017, then who will audit the 1st quarter of financial year 2017-18. when shoul Read More
If the term of the statutory auditor ends in March 2017, then who will audit the 1st quarter of financial year 2017-18. when should the auditor be appointed for the Financial year 2017-18. Should we appoint the auditor for the F.Y. 2017-18 in the AGM to be held in year 2016-07?

Views (1744)
Posted By: Divakaran suresh 10 year(s) ago

Answer

Dear Sir, at AGM, the shareholders of the company were unable to ratify the appointment of the auditor. the act was Read More
Dear Sir, at AGM, the shareholders of the company were unable to ratify the appointment of the auditor. the act was unintentional. is there any solution available to retain same auditor for the same term?

Views (1144)
Posted By: Bunny sehgal 10 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1391)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

If auditor has resigned u/s 139(5) of the companies act 2013 and he has failed to file ADT 3, then company can file ADT 1 as it is Read More
If auditor has resigned u/s 139(5) of the companies act 2013 and he has failed to file ADT 3, then company can file ADT 1 as it is the responsibility of the company.

Views (1390)
Posted By: Duttalahiri & co 12 year(s) ago

Answer

Dear Exerts, XYZ is a Partnership Firm Auditor of a Listed Company for a period more than 15 years, but due to provisions of Rot Read More
Dear Exerts, XYZ is a Partnership Firm Auditor of a Listed Company for a period more than 15 years, but due to provisions of Rotation of Auditors XYZ will not be eligible to to reappointed for 5 Years. Mr. Z a non signing of XYZ Firm resigned and Joined a new CA Firm ABC and ABC appointed as Auditor of That listed Company. My question is that whether ABC can be appointed as Auditor of that Listed Company whose earlier auditor was XYZ ? Whether Mr. Z who resigned my XYZ can sign Audit report of that listed company on behalf of New CA Firm ABC?

Views (1088)
Posted By: Nitin 10 year(s) ago

Answer

Does every year company require to file ADT1? Read More
Does every year company require to file ADT1?

Views (1721)
Posted By: Nandini 10 year(s) ago

Answer

Who will sign Limited Review Report if the term of statutory auditor is completing on 31-3-2017. What is the procedure to follow i Read More
Who will sign Limited Review Report if the term of statutory auditor is completing on 31-3-2017. What is the procedure to follow in this case. Please send me your views.

Views (930)
Posted By: Neelam 9 year(s) ago

Answer

Whether agenda relating to appointment or reappointment of auditor needs to be taken up in Annual General Meeting? Read More
Whether agenda relating to appointment or reappointment of auditor needs to be taken up in Annual General Meeting?

Views (1095)
Posted By: Gurpreet kaur 8 year(s) ago

Answer

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

Views (1137)
Posted By: Pooja garg 10 year(s) ago

Answer

in a private limited company, Annual Filing of year 2014 is pending, the company has filed MGT-14 related to Adoption of Accounts Read More
in a private limited company, Annual Filing of year 2014 is pending, the company has filed MGT-14 related to Adoption of Accounts, Directors report within due date. but the auditor has given his resignation on 31/03/2014 and practically the accounts are not audited on due date. Auditor's resignation is not yet filed to ROC. Now my question is if such casual vacancy of auditor is filled by appointing new auditor by the board which exceed 300 days, will it amounts to any other penalty or compounding other than Additional feed on such board resolution?

Views (1211)
Posted By: Bunny sehgal 10 year(s) ago

Answer

Is ADT-1 required to be filed with ROC for appointment of first auditory by the Board of Directors of the Company? Read More
Is ADT-1 required to be filed with ROC for appointment of first auditory by the Board of Directors of the Company?

Views (1177)
Posted By: Prerna kapoor 10 year(s) ago

Answer

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

Views (1216)
Posted By: Pooja garg 10 year(s) ago

Answer

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

Views (1232)
Posted By: Pooja garg 10 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1332)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1246)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1319)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1384)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

The following question relating to sec 146 for exemption to attend the GMs by Auditors; 1. For Exemption, Whether Special Resol Read More
The following question relating to sec 146 for exemption to attend the GMs by Auditors; 1. For Exemption, Whether Special Resolution or Ordinary Resolution is required? 2. For Exemption, only one time resolution is to be passed or it is to be passed in every GMs. ? 3. The resolution will be passed in the General meeting or resolution also mentioned in the Notice ?

Views (1268)
Posted By: Sanjay sharma 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1249)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1568)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Views (1441)
Posted By: Siva naga vijay babu guggilam 11 year(s) ago

Answer

hello sir, i want clarification about depreciation charing as per new company act. Can we taken residual value @ 5 where assets w Read More
hello sir, i want clarification about depreciation charing as per new company act. Can we taken residual value @ 5 where assets was 100 % depreciated in earlier years. The notes of acts says- 7. From the date this Schedule comes into effect, the carrying amount of the asset as on that date— (a) shall be depreciated over the remaining useful life of the asset as per this Schedule; (b) After retaining the residual value, shall be recognised in the opening balance of retained earnings where the remaining useful life of an asset is nil.

Views (1304)
Posted By: Vivek mittal 11 year(s) ago

Answer

As for as my understanding to remove auditor company has to call for the board meeting and pass the resolution for removal of the Read More
As for as my understanding to remove auditor company has to call for the board meeting and pass the resolution for removal of the auditor and file the form with the RD in the ADT 2 after approval of RD hold the general meeting and pass the special resolution and replace the auditor But my question is under the provision of section 140 says "before taking any action reasonable opportunity should be given to the auditors". when the opportunity should be provided. i have 2 stages where opportunity should have been given 1. in the board meeting (then what is the notice period). 2. in the GM (then what is use of Going to central govt if the shareholder does not remove such auditor inspire of RD approval). please give your inputs on the same.

Views (1132)
Posted By: Naman 11 year(s) ago

Answer

A public co has appointed two firms of CAs (Joint auditors) as statutory auditor for 5 years from 14-15. The 2nd auditor in the A Read More
A public co has appointed two firms of CAs (Joint auditors) as statutory auditor for 5 years from 14-15. The 2nd auditor in the AGM in Sept 2015 has expressed his unwillingness to continue. Will it be treated as casual vacancy?. Will the outgoing auditor have to file ADT3 and the company to file ADT1 for the 1st Auditor who is continuing?.

Views (1112)
Posted By: Latha 11 year(s) ago

Answer

The Audit for our Company was carried out by an Audit Firm. Recently, the Audit Firm got dissolved. My Query is as A company, what Read More
The Audit for our Company was carried out by an Audit Firm. Recently, the Audit Firm got dissolved. My Query is as A company, what is our responsibility in such a situation? whether any compliances have to be made on Part of the Company?

Views (1396)
Posted By: Kaushik d nahar 12 year(s) ago

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Who will appoint an auditor in a company in which a Government Company holds 56% Stake? Read More Who will appoint an auditor in a company in which a Government Company holds 56% Stake?

STATUTORY AUDITOR WAS APPOINTED IN CASUAL VACANCY FOR FY 2015-16. WHAT WILL BE HIS TERM IF APPOINTED AT ENSUING AGM. Read More STATUTORY AUDITOR WAS APPOINTED IN CASUAL VACANCY FOR FY 2015-16. WHAT WILL BE HIS TERM IF APPOINTED AT ENSUING AGM.

Does every year company require to file ADT1? Read More Does every year company require to file ADT1?

Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3years instead of 5 years? Read More Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3years instead of 5 years?

what is Frequency of audit committee meeting of Deemed public company Read More what is Frequency of audit committee meeting of Deemed public company

What is time limit for appointment of internal Auditor if we want to appoint internal auditor for the Year 2015-16 Read More What is time limit for appointment of internal Auditor if we want to appoint internal auditor for the Year 2015-16

An auditor is doing statutory audit from last 07 yrs.(i.e from 2008)of a Pvt.Ltd.Company.Can he still be appointed as auditor as p Read More An auditor is doing statutory audit from last 07 yrs.(i.e from 2008)of a Pvt.Ltd.Company.Can he still be appointed as auditor as per new companies act.

Can a small company which is not subject to restrictions under Sec 139(2) of CA 2013, appoint statutory auditor for a period less Read More Can a small company which is not subject to restrictions under Sec 139(2) of CA 2013, appoint statutory auditor for a period less than 5 years in AGM?

WHAT WILL BE THE AUDITOR APPOINTMENT IN SMALL PVT COMPANIES WILL BE THE APPOINTMENT WILL BE FOR 5 YEARS AND GNL-2 IS REQUIRED TO Read More WHAT WILL BE THE AUDITOR APPOINTMENT IN SMALL PVT COMPANIES WILL BE THE APPOINTMENT WILL BE FOR 5 YEARS AND GNL-2 IS REQUIRED TO BE FILED ONCE IN 5 YEARS

whether Form ADT-1 to be filed with ROC for appointment of Auditor in Casual Vacancy or not? Read More whether Form ADT-1 to be filed with ROC for appointment of Auditor in Casual Vacancy or not?

Does income tax representation services can be rendered by an auditor under section 144 ? Are they covered in management services Read More Does income tax representation services can be rendered by an auditor under section 144 ? Are they covered in management services ?

how many number of audits can a CA can under take Read More how many number of audits can a CA can under take

Whether filing of ADT-1 is mandatory for appointment of first Auditor at Board meeting ? And what about in case first auditor is Read More Whether filing of ADT-1 is mandatory for appointment of first Auditor at Board meeting ? And what about in case first auditor is appointed by members in EGM ?

Can the statutory auditor also do the Tax audit for the Company Read More Can the statutory auditor also do the Tax audit for the Company

Will the company has to file ADT-1 for re-appointment of auditors for the financial year 13-14? Read More Will the company has to file ADT-1 for re-appointment of auditors for the financial year 13-14?

In which e-Form attachment Form ADT-1 for appointing First Auditor will be attached and filed with ROC? Will it be filed in GNL-2? Read More In which e-Form attachment Form ADT-1 for appointing First Auditor will be attached and filed with ROC? Will it be filed in GNL-2?

A CA Firm in which 50 % of the Partners are directors of the Company can be appointed as internal Auditors of that Company? Read More A CA Firm in which 50 % of the Partners are directors of the Company can be appointed as internal Auditors of that Company?

what is the last date for appointing the secretarial auditor? Read More what is the last date for appointing the secretarial auditor?

Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it s Read More Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it self?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Company have appointed Statutory Auditor at previous AGM for 3 Years. For this year whether compny needs to file ADT-1 for appoint Read More Company have appointed Statutory Auditor at previous AGM for 3 Years. For this year whether compny needs to file ADT-1 for appointment of same auditor?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Does every year company require to file ADT1? Read More Does every year company require to file ADT1?

Whether agenda relating to appointment or reappointment of auditor needs to be taken up in Annual General Meeting? Read More Whether agenda relating to appointment or reappointment of auditor needs to be taken up in Annual General Meeting?

what is Frequency of audit committee meeting of Deemed public company Read More what is Frequency of audit committee meeting of Deemed public company

Is ADT-1 required to be filed with ROC for appointment of first auditory by the Board of Directors of the Company? Read More Is ADT-1 required to be filed with ROC for appointment of first auditory by the Board of Directors of the Company?

what is Frequency of audit committee meeting of Deemed public company Read More what is Frequency of audit committee meeting of Deemed public company

what is Frequency of audit committee meeting of Deemed public company Read More what is Frequency of audit committee meeting of Deemed public company

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

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Who will appoint an auditor in a company in which a Government Company holds 56% Stake? Read More
Who will appoint an auditor in a company in which a Government Company holds 56% Stake?

STATUTORY AUDITOR WAS APPOINTED IN CASUAL VACANCY FOR FY 2015-16. WHAT WILL BE HIS TERM IF APPOINTED AT ENSUING AGM. Read More
STATUTORY AUDITOR WAS APPOINTED IN CASUAL VACANCY FOR FY 2015-16. WHAT WILL BE HIS TERM IF APPOINTED AT ENSUING AGM.

Does every year company require to file ADT1? Read More
Does every year company require to file ADT1?

Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3years instead of 5 years? Read More
Auditor or Audit firm can be appointed for less than 5 years? can a company appoint auditor firm for 3years instead of 5 years?

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

What is time limit for appointment of internal Auditor if we want to appoint internal auditor for the Year 2015-16 Read More
What is time limit for appointment of internal Auditor if we want to appoint internal auditor for the Year 2015-16

An auditor is doing statutory audit from last 07 yrs.(i.e from 2008)of a Pvt.Ltd.Company.Can he still be appointed as auditor as p Read More
An auditor is doing statutory audit from last 07 yrs.(i.e from 2008)of a Pvt.Ltd.Company.Can he still be appointed as auditor as per new companies act.

Can a small company which is not subject to restrictions under Sec 139(2) of CA 2013, appoint statutory auditor for a period less Read More
Can a small company which is not subject to restrictions under Sec 139(2) of CA 2013, appoint statutory auditor for a period less than 5 years in AGM?

WHAT WILL BE THE AUDITOR APPOINTMENT IN SMALL PVT COMPANIES WILL BE THE APPOINTMENT WILL BE FOR 5 YEARS AND GNL-2 IS REQUIRED TO Read More
WHAT WILL BE THE AUDITOR APPOINTMENT IN SMALL PVT COMPANIES WILL BE THE APPOINTMENT WILL BE FOR 5 YEARS AND GNL-2 IS REQUIRED TO BE FILED ONCE IN 5 YEARS

whether Form ADT-1 to be filed with ROC for appointment of Auditor in Casual Vacancy or not? Read More
whether Form ADT-1 to be filed with ROC for appointment of Auditor in Casual Vacancy or not?

Does income tax representation services can be rendered by an auditor under section 144 ? Are they covered in management services Read More
Does income tax representation services can be rendered by an auditor under section 144 ? Are they covered in management services ?

how many number of audits can a CA can under take Read More
how many number of audits can a CA can under take

Whether filing of ADT-1 is mandatory for appointment of first Auditor at Board meeting ? And what about in case first auditor is Read More
Whether filing of ADT-1 is mandatory for appointment of first Auditor at Board meeting ? And what about in case first auditor is appointed by members in EGM ?

Can the statutory auditor also do the Tax audit for the Company Read More
Can the statutory auditor also do the Tax audit for the Company

Will the company has to file ADT-1 for re-appointment of auditors for the financial year 13-14? Read More
Will the company has to file ADT-1 for re-appointment of auditors for the financial year 13-14?

In which e-Form attachment Form ADT-1 for appointing First Auditor will be attached and filed with ROC? Will it be filed in GNL-2? Read More
In which e-Form attachment Form ADT-1 for appointing First Auditor will be attached and filed with ROC? Will it be filed in GNL-2?

A CA Firm in which 50 % of the Partners are directors of the Company can be appointed as internal Auditors of that Company? Read More
A CA Firm in which 50 % of the Partners are directors of the Company can be appointed as internal Auditors of that Company?

what is the last date for appointing the secretarial auditor? Read More
what is the last date for appointing the secretarial auditor?

Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it s Read More
Auditor appointed in terms of Sec.139 for One term of five consecutive years - can he be changed by Shareholders at next AGM it self?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Company have appointed Statutory Auditor at previous AGM for 3 Years. For this year whether compny needs to file ADT-1 for appoint Read More
Company have appointed Statutory Auditor at previous AGM for 3 Years. For this year whether compny needs to file ADT-1 for appointment of same auditor?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Does every year company require to file ADT1? Read More
Does every year company require to file ADT1?

Whether agenda relating to appointment or reappointment of auditor needs to be taken up in Annual General Meeting? Read More
Whether agenda relating to appointment or reappointment of auditor needs to be taken up in Annual General Meeting?

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

Is ADT-1 required to be filed with ROC for appointment of first auditory by the Board of Directors of the Company? Read More
Is ADT-1 required to be filed with ROC for appointment of first auditory by the Board of Directors of the Company?

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

what is Frequency of audit committee meeting of Deemed public company Read More
what is Frequency of audit committee meeting of Deemed public company

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?

Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year? Read More
Do companyneed to file ADT-1 for ratification of Auditors appointment for 1 year?