Can anybody explain me the Difference between Section 139(1) and Section 139(2) of the Companies Act, 2013 ??

In Section 139(1), what shall be the interpretation of "EVERY COMPANY SHALL AT THE FIRST AGM" be ?

will it mean first AGM after the commencement of the Act or the actual first AGM ?

and what shall be the done if a Company appointed a firm in the year 2008-09. will the same auditor be eligible for appointment in the Company. IF yes, then please explain the tenure ?

A private ltd company is supposed to register itself under Shop & Establishment Act. It has not done so. Instead it has shown the registration fees and penalty for non registration as payable to concerned department. In this connection my questions are:

1) Should auditor qualify his report. If yes, what should be the wordings?

2) If audit report is not be qualified, should anything appear in notes to accounts? If yes, what should be the wordings in notes to accounts

Thanks

what is meaning of books of account are prescribed under section 44AA??

We have leading Ready Mix Conctete(RMC)plants all over India and having Turnover of morethan 100Cr.p.a. Now my query is whether our company applicable to Cost Audit for F.Y.2013-14.As RMC comes under CESHN 38245010.The said RMC comes under "Miscellaneous Chemical Products".Till last year(2012-13),we have filed Cost compliance Reports.Kindly resolve my query.

Dear All,

I have doubt regarding which FOB value to be shown in the Balance sheet.

1. FOB value as per Invoice or,
2. FOB value as per shipping bill, or
3. FOB value as per Bank Realization Certificate.

If we take it as per Bank Realization Certificate, then what about the unrealized invoices till the finalization of Balance sheet.

Kindly clarify which FOB value to be shown in the Balance sheet.

If a Company asks for a press for printing of their office calender for advertisement purpose then in which ledger head the amount paid to the printing press should be Debited. I have confusion in Printing & Stationery & Advertisement. If it should be debited to P&S TDS is attracted. Plz reply on urgent basis. Awating 4 experts reply.

SIR I HAVE AN ATTEMPT IN NOV 2014, AND I M CONFUSED WHICH BOOK I FOLLOW AS I WANT TO READ MORE AND MORE QUESTIONS OF EXAMS ,OTHER THAN SURBI BANSAL BOOK ON AUDITING.

A Practicing Chartered accountant has been appointed as an auditor of a Municipal Corporation. The municipal corporation owes the auditor a sum of Rs. 20,000 on account of tax due.

Will accepting the audit of the municipal corporation in this case will amount to professional misconduct.

Dear Sir,

Is TDS should be deduct at the time of purchase of asset?????

Dear All,

Can any one tell me whether a partnership firm (not an LLP) who is engaged in manufacturing process is required to get its cost records audited or not.

If yes, then under what circumstances.

Please guide.