Mr X a director of KP pvt ltd also a director in GP pvt ltd, which has not filed annual accounts & annual return for last 3 years. Mr X is of opinion that he is not disqualified u/s 274(1) of Co's act & auditor should not mention disqualification in his audit report. Is Mr. X correct? Comment.

Can anyone please let me know the process of getting a CA firm empaneled with the RBI.

Sir,

As mentioned in the MEF Application submitted, Number of other Professional Staff has been mentioned as ' 0 ' instead of ' 10 ' by slip of hand.
Please advise me a Rectification procedure so that my firm will be included in the final panel.

If a pvt company fulfills all conditions relating caro applicability I.e paid up capital reserves is less than or = 50 lacs, o/s loan from Bank or financial institutions is less than or = 25 lacs and turnovers does nt exceed 5 crores BUT it has accepted public deposits. Is caro applicable to that company coz it has accepted public deposits? Or is public deposits included in limit of 25 lacs ?

Dear sir,

We are engaged in production of CI/ DI Castings including brake drum used by Tata motors for there automobiles(under subheading (87 of Excise) our turnover of FY 2011-12 Was Rs. 205 Crores.

My query is that weather cost audit is mandatory for us or not.

if mandatory in what ground.

kindly give me suggestions on this...

What are the consequences of not filing form 23B and late filing of form 23B. Please provide me penal provisions if any

How to check Income or Revenue Leakages in Concurrent Audit?

how to transfer articleship from one firm to another...

Sir
Inrespect of a Private Limited Co who's Paid Capital is Rs 21 Lakhs and turn over Less than One Crore and Closed their loan amounting to Rs 95 Lakhs during 2012-13. Whether CARO is applicable for 2012-13 and for next years. Please note that as on 31.3.2013 there is no amount outstanding to any Bank or Financial Institution .
RGDS

Dear sir,
I am doing medicine business, turnover is 90 lacs and profit is 7%. Then will i have to do tax audit? answer as soon as possible