what are the consequences of non creation/modification of charge with ROC within the stipulated in case of Bank Audit. Will the credit facility in excess of charged amount be treated as clean OD, and if yes, can the account be categorised as NPA.

In case of Cash Credit and OD A/c's (Stock) what amounts to Diversion of Funds. Whether transfer in Savings or Current Accounts and to what extent. And also how much cash withdrawal dosn't come within the definition of Diversion of Funds.

What is Transfer Pricing and how it is applicable and what are the procedures in arriving transfer pricing pls let me know

Last Year our subsidiary was formed and the expenses was treated as Pre-operative expenses. This year they have decided to close the company, how to treat the pre-operative expenses what is the entry we need to pass.

Hello friends.Kan nebody tell me what is the eligibility criteria for applicability of Internal audit to a company.Is it stated newhere in the companies act.Please help me.

can some body solve some of my querries ????
1) a pvt ltd co. has paid up capital Rs.528750 & Reserves & surplus is Rs.14685921.27(including share premium Rs. 14381250 and Profit & loss a/c Rs.304671.27) on 31.03.08.It doesnt have any loan & the turnover is below 5 crores. Whether CARO 2004 is applicable to the company ?
2) if yes , whether internal audit as specified in CARO 2004 pt (vii) is required ? The paid up capital and reserves as at the commencement of the fy were 172500 and 506309.65(including Rs. 487500 share premium).
3)whether compliance certificate is required for this company ?

In the previous year if the company has apportioned the expenses as Pre-Operative. As the company shut downs it operations how do we treat pre-operative expenses now pls let me know.

Dear All

A company wants to appoint a Non-CA as Internal Auditor. As per ICAI's guidelines, Schedule to Chartered Accountans Act, and Companies Act, 1956, is it possible for a company?

thanks

What is a rate of TDS for individual- contractor,professional & brokrage before june-07 ?

when will be caro applicable