Audits & Minutes

This query is : Resolved

Prakash Jasani (Querist)
Follow

28 April 2009 Dear Experts,

Let me know which type of transactions i have to more concentrate at the time of audits especially pvt.ltd.company.

Also guide me which things i have to more concentrate at the time audits which is corelate with minutes & ROC.

In minutes & ROC what to check.

Reply asap.

Regards,
Prakash Jasani

CA CS CMA Srinivasan N

CA CS CMA Srinivasan N (Expert)
Follow

28 April 2009 Hi
With respect to Minutes the decisions taken need to be checked and aligned with the financial impact if any and transactions thereafter. Also important decisions such as appointment of auditors, Directors etc need to be checked with ROC filing and the Statutory registers.

For a general checklist on Audit of Cpmpany mail me at srini.ca@gmail.com

I will send you

Ankur Garg

Ankur Garg (Expert)
Follow

30 April 2009 Audit Vs. Minutes

From the audit of minutes you can find out the validity of following things:

1. Check authority of a person to sign various imp documents.
2. Proper disclosure of interest by a director u/s 299 in board meeting.
3. If any agreement is entered into by the Co. then who is authorised to sign that agreement on behalf of the company.
4. You can also match the roc filing with the minutes. For Ex. if form-2 is filed by the company, check the resolution for allotment of shares in the minutes.

As mention by Mr. Sri important decisions such as appointment of auditors, Directors etc need to be checked from minutes alond with with desired resolutions.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Lalan Kumar Jha

Kamaljeet Kaur

Navneet Pratap Singh

RATI MALU

jayaraman

Subscribe Now

Audits & Minutes

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA