Co incorporated in Dec,11 & unable to commence bussiness till date and unable to appoint it first auditor in first board meeting

want to prepare balance sheet as at 31.03.12 by appointing its first auditor after july,2012. Is it possible to appint first auditor after july,12 and if yes then in which meeting (i.e board or general) such auditor will be appointed with which resolution i.e. ordonary or special resoolution.pls. forward me copy of such resolution

or is it possible to prepare first balance sheet as at 31.03.12 if yes what kind of permission require fr extention of financial year. pls. forward me copy of such resolution

He guys i have joined my articleship 1.5 months before, During this period i have only done vouching, Isn't it is too much boring, suggest how to get rid of it

Dear Sir,

Is there any requirement of Submission of Form 3CEB (i.e Related to transfer pricing) REPORT to any department or any other Statutory Authority?

Dear Sir it is necessary to submit Physical Report to authority

A company has purchased one LPG Stove with related fittings for one of the furnished accomodation it has provided to its executive. The Value of the stove with fittings is less than 5000/- (Rs 1420/- only)

According to the Companies Act, any asset whose value is less than 5000/- should be capitalized but depreciated at 100%.

What should be the block of asset for this LPG Stove for the purpose of capitalization. Can it be shown under the Block "Furniture and Fittings" ? Please Help..

Is Internal audit is applicable on all Public compabies or there are some conditions for its applicability on public & private companies.

If a practicing CA circulates printed pamplets through newspapers mentioning only the services offered by him.

Is it a misconduct?

I am reproducing the advertisement guidelines given by icai hereunder:

'The Members may advertise through a write up setting out their particulars or of
their firms and services provided by them subject to the following Guidelines and
must be presented in such a manner as to maintain the profession’s good
reputation, dignity and its ability to serve the public interest.....'

'“write up” means the writing of particulars according to the information
given in the Guidelines setting out services rendered by the Members or firms
and any writing or display of the particulars of the Member(s) in Practice or of
firm(s) issued, circulated or published by way of print or electronic mode or
otherwise including in newspapers, journals, magazines and websites ( in Push
as well in Pull mode) in accordance with the Guidelines.....'

Suppose a new Building has been constructed(Transfer from CWIP to Fixed Assets).So, Whether the Electrical Fittings like Lightning Bulbs should be capitalised in building or seperately as Electrical Installation?(Becoz depreciation rates are different)

is it compulsory to obtain NOC from previous Auditor in case of Tax Audit of a sole proprietorship business?

I passed CA on 01/04/2012.On 28/09/2012 a private companies accounts were finalised and Tax audited by me.In case of filing of Form 23B with MCA ,what date should i mention for my appointment as i cannot give date prior to my passing date and the company would not be willing to pay any fine for delay in AGM ?
Should the company pass a resolution at EGM to appoint me ?Please suggest

Sir/Madam
I have a doubt in my mind about calculation of Finished Goods Produced . I want this calculation for 3CD Report .

AS per the Guidance note Given to 3CD calculation of Finished goods is given as
Mterial Consumed in production 11,919,213
Add: Stores Consumed 47,177
Wages & salaries 715,722
Electricity Charges 30,910
Transportation charges 835
Factory Expenses 15,098
Labour charges 5,000
Cost of Finished Goods produced 12,733,955

Is this below mentioned formula for calculation of Finished goods produced is correct

Sales During the year ********
Less : Gross profit ********
Cost of goods sold ********
Add; cl. stock of finished goods ********
less: op. stock of finished goods ********
Finished goods produced During the year ********

Please Help me sir / Madam in this