In case Of Private Ltd Company, if there are 2 directors, then if one director signs only on notice of meeting, director's report, Balance sheet and profit and loss account and notes, then is it any breach of company act, income tax or as non compliance of statutory audit or any other law ?
If only one director signs the above documents, then is it proper or not ?

The company has no income.It is first year of the company.

Kindly reply immediately.

Thanks,

Snehal

can a person(CA) be appointed because of his name is written in Articles of Association?or is it necessary to pass a resolution.

In case of a firm which is not subject to audit whether amt recd as loan or paid as loan repayment in cash is wrong.

eg "A" is a propertership in which she has accepted some loan from her relatives in cash (but less than Rs. 20000/-) on 1/4/08 & then again on 19/5/08 (but less than Rs. 20000/-) then made repayment on 15/6/08 in cash amting to rs 15000/-.Is the party violating any provision of income tax act.thisloan is for the purpose of business.

Dear sir/ madam

I want to know if CARO applicability to a company has to be seen on a year to year basis?

If that is so a company was coming under the CARO reporting criteria and next year it does not fulfill the criteria, do we still need to prepare the CARO report?

whther a Practising CA can hold the office of an NGO as Secretary or President?
And if he is not the member of the NGO but his family members are office bearer then in such case Can that CA do Audit of the NGO?

what is meaning of sox audit and it applicable in India or not if applicable then which type of company?

Dear CA Club Audit Experts

If one company is incorporated in Sep 2007 .
Now my Quary is Can this company get the accounts Audited and file with ROC in March 2009 at one time for it’s first Audit for 1 ½ year ?


Sep 2007 to March 2008 – it will be 6 months(Year will be 07-08)
March 2008 to March 2009 –it will be 1 Year (Year will be 08-09)



Thanks

Deepika Tyagi

Prime CFO Management Pvt. Ltd.

primecfo@hotmail.com

i want to ask that as regards to gratuity provision,whether that fund has to bemanaged and if not managed through approved organisation etc..then whether any penalty is payable? what are the relevant provisions for the same??

Hello Friends,

I am doing an audit of newly incorporated company which is a subsidiary of a foreign company. They are recieving some money from the Holding Company before incorporation for certain preliminary expenses. And they are refunding that money after some months to their Holding Company. So whether they falls within the ambit of Section 269SS and Section 269SST

Hi Friends,

Please resolve my problem.
A company was newly formed and they are paying salary to their directors in cash exceeding Rs.20000 otherwise than by an account payee cheque and directors withdraw cash from the bank. Then it will attract disallowance of Section 40(A)(3) or not.