Whether audit of companies are compolsory under the company act ,if yes then under which section?

Hello,

There was conversion of Proprietorship firm into Partnership firm as on 31-01-2010, the T/O of Proprietorship firm was exceeding the limit u/s 44AB and the same for Partnership firm do not exceed the same section for the period 01-02-2010 to 31-03-2010.

So my Questions are:

1. Should we Conduct Audit for the Whole year ??

2. Is it covered under Partnership Firm U/s 44AB or Proprietorship Firm ??

In relation to CARO applicability condition for Pvt. Ltd. Companies - "TURNOVER should not exceed Rs.5 crores; otherwise it will be applicable. This turnover is of current F.Y. of which we are doing audit or of year preeceding to that"?

Hi
Respected Members

can any one tell me?

I am doing Tax audit of PVt. LTd.

1. In this case share application money received by company but share not alloted by company so what to do in this case is there any disclosure requirements?

2. What is the time limit for allotment of shares in case of PVt. Ltd. as well as Public limited company?

3. and what's the penalty aur interest if leviable?

Thanks
in advane

Sir
i have got my COP 30aug.but i didn't get my firm registration no.till now.wiil i eligble to sign tax audit report for the A.Y.2010-2011.
Regard
CA Nikunj jain
M.N.412491

respected sir..

i have 4 business in which i m propriotor.
tournover of the 1st business is 2500000 and tournover of the 2nd business is 1200000 and tournover of the 3rd business is 500000 and tournover of the 4th business is 800000.so total turnover is 5000000 of all the business..whether i m liable for tax audit u/s 44AB.

dear sir..
i have 2 business in which i m proprioter..turnover of the 1st business is 20 lack and other is 20 lack..whether i m liable for audit...U/s 44AB..

What should be date of stat. audit report? when it submited to co. When director approve the same in agm.PLZ TELL ME THE SEQUENCE OF FROM how appointment of auditor to submssion of audit report with date.

frn number is cumpalsory

i have got membership no and COP. but not recieved prop. firm registration.

whether I can sign on audit reports without firm name (In indiviodual name.

kinly resolve my query urgently. I have to sign some audit reports