CAclubindia Articles

The Companies(Auditor's Report) Order is illegal

ANMOL JHA 13 April 2015 at 11:01

The Companies (Auditors Report)Order,2015, is unlawful thus not enforceable.The Ministry of Corporate Affairs on 10th April, 2015, has issued on its website the Companies (Auditors Report) Order,2015(the Order) though the Order is not

CARO 2015

Aditya Maheshwari 13 April 2015 at 11:01

The MCA has issued Companies (Auditors Report) Order, 2015 vide order dated 10th April, 2015. It shall come into force on the date of its publication in the Official Gazette. The matters which on which reporing are required under CARO 2015 Aud

How can we strengthen Procurement Function to achieve savings for your Organization?

Tulasi S Sastri 11 April 2015 at 12:17

Internal Audit report on the Procurement Function of Sure Shot Engineering Co. highlighted certain inconsistencies like inducting vendors with no apparent reason to d

One Person Company: Soul of proprietorship in corporate body

Mayank vashishta 11 April 2015 at 12:17

ONE PERSON COMPANY: A PRACTICE TO MERGE SOUL OF PROPRIETORSHIP IN THE BODY OF A COMPANY.BY MAYANK VASHISHTA The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can giv

Challenges for Auditor in Companies Act, 2013

CA. Atul Khurana 11 April 2015 at 12:17

Overview to the Companies Act, 2013:The new Companies Act (hereinafter referred as COMPANIES ACT 2013) is replacing old Companies Act, 1956The Companies Act 2013 makes comprehensive provisions to govern all listed and unlisted companies in the countr

Sustainability, Social Audit and Good Corporate Governance

NILA REJESH P 11 April 2015 at 12:17

Sustainability and Social Audit as a measure of Good Corporate GovernancePrefaceIn today's competitive globalised world, the most commonly disccused terms as a part of viability and credibility of the organisations are sustainability and social r

Highlights of FTP: 2015-20

Sunit Chhatbar 11 April 2015 at 12:16

Pleased to inform you that the Government of India, Ministry of Commerce and Industry has announced New Foreign Trade Policy 2015-20 on 01.04.2015 with an objective to provide stable and sustainable policy environment for Foreign Trade in merchandise

Best of Judgement and Principles of Natural justice

RENGARAJ R.K 10 April 2015 at 10:33

BEST OF JUDGEMENT AND PRINCIPLES OF NATURAL JUSTICE UNDER TNVAT Act, 2006INTRODUCTION:In the recent times, many writ petitions have been filed before the Honble Madras High Court seeking intervention of the High Court an

Land Bill: The Harbinger of Achche Din- Is It?

akash gupta 10 April 2015 at 10:33

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, better known as the Land Bill, recently presented in the Parliament has once again brought to the forefront the divided opini

Auditors report for 2014-15- FAQ

CA Sripriya K 10 April 2015 at 10:32

There have been several mails and calls seeking clarifications on the Auditors Report to be issued for the period ended March 31, 2015. I summarise the issues as under in the form of an FAQ. What is the present ( as at April 9, 2015 ) position on Aud