pvt ltd company receive loans from directors

can it is covered as per AS-18 ???

it is required to mention in notes to account???

26% of the Subscribed Share Capital of a company is held in combination by LIC(20%) and Nationalized Bank(6%). In such a case Is there's a need to pass the Special Resolution for appointment of the Auditor in that company?

hello...
Any one can help me. which companies Auditors Report is Qualified in the last year(2009-10) or last to last year(2008-09)...
waiting for reply....

i'm doing audit of construction company and getting little problem in vouching its sale invoices due to WCT.
i need to know all about WCT and how i should deal with, as a s. auditor?

One of Our Client has issued share capital in the month of March by filing Form 2 for the shares worth Rs. 1.5 cr. However till the date of allotment only 50 lakhs of the amount was received. rest 1 cr was received in the month of April. In Form 2 it has been shown as issue of shares for cash with fully paid up.

Suggest on how to incorporate in BS as on 31 march.

What is way bill? what its use & how to audit it.

We are doing the audit of a small comany.Here no systematic monthly remuneration is paid to directors.With the amount of Directors expenses like children school fees etc director Remuneration booked.Is this right?

Whether any objection can be raised on it?
Is any provision of Co. Law or Sch VI attracted?

is the auditor liable to prepare statutory audit report for the balance sheet from date of incorporation to the end of financial year?

1.X (Director) Holding substantial Shares in PQR Ltd and also X’s is a partner in XYZ firm during the financial year the Partnership Firm(XYZ) has supplied raw materials and rendered other services to the PQR ltd Co, in which X’s has no interest in such transaction. Company on his own interest had made the transaction with XYZ firm.


Query
a) From the above it Clearly shows as X’s has no interest in the transaction made by the company with the firm, Now whether the such transaction should be treated as related party and whether such transaction to be recorded in the 301 register of the company act 1956 or not?

b)In what way a transaction said to be related party transaction?




2.X (Director) Holding substantial Shares in PQR Ltd and also X’s is a partner in XYZ firm every year the Partnership Firm(XYZ) supplies raw materials and rendered other services to the PQR ltd Co, in which X’s had interest ,but during the year Firm has not supplied any raw materials to the firm.

a).Whether any thing should be written in the 301 register of the company act 1956?

Hi
Respected Member

Can any one help me?

I doing private co. tax audit in that case director's personal expenses is reimbures like conveyence and travelling etc.

SO what treatment should be done as auditor?