Section 138 of the companies act read along with Rule 13 of the Companies ( Accounts) rules 2014 prescribe compulsory appointment of Internal auditor for a private limited company which has a turnover above Rs. 200 crore or above.

In the explanation (i) to the rules, the explalnation reads that an Internal auditor MAY or MAY not be an employee of the company.

If we assume that he is an employee ( since the rule permits so), does he need to be appointed as a auditor in Board Meeting ( per sub rule 4 of rule 8 of the Companies Meetings of the board and its powers)

Since he is not a firm, can his individual name be used in the resolution? Please guide

What if he is in the internal audit team but is not appointed in the board meeting at all/

can anyone tell me the difference between minutes and resolutions??
At which stage both the things have to be prepared????
Please tell the procedure practically...

Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

Query

I would like to know the Main Objects for a Private Limited Company, which solely shall engage in the business of letting out properties and earn rental income.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Sir,
I am trying to update the DSC of Director at MCA site but it is showing that the details are not match.

Please tell the procedure as I have the doubt my ex-employee who previously registered the DSC of the said director, enter the Mother's maiden name something else, and now the system is not taking the correct name. Also that employee is not tracabe

dear expert.
Kindly advice the following case.

we are the manufacturer of automobile parts since 2006.
cost records and audit not yet done by us.
our turnover > 100 cr
Networth > 5 cr
but not listed in stock exchange

can we compliance of cost records and audit now?

penalty and fee for that?

how many years we have to done compliance.

if non compliance of that what are the implication / Prosecution

Thanks
Raj

Dear experts,
what's the means of CIN, weather it means company indification NO. or corporate identity NO.


plz confirm....

Dear members... we have given intimation to ROC in respect of name conversion from limited to private limited with effect from1 Sept2015....now our management wants that it should be with effect from1 jan 2016.....it is possible... if yes what will be the procedure...

CAN WE BRING ANY AMOUNT OF UNSECURED LOAN FROM ANYBODY IN OUR PRIVATE LIMITED COMPANY SUBJECT TO COMPANY'S ACT OF SEPTEMBER 2013. I HAVE HEARD THAT RULES FOR TAKING UNSECURED LOANS NOW HAVE BEEN SIMPLIFIED AND WITH NO RESTRICTION A PVT LTD COMPANY CAN BRING ANY AMOUNT OF UNSECURED LOAN. NOTHING IS APPLICABLE SUBJECT TO SEPTEMBER 2013 COMPANY ACT

Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1015481

Is schedule II stating rates of depreciation?

i feel no rates are prescribed in companies act 2013.

Was there any amendment in 29.8.2014?

I mean, do we follow rates of depreciation or just useful life concept for a normal small pvt.ltd. company in hotel industry?

regards, ca kunjan, 9222922292

whether Board report is mandatory attachment in form AOC-4?
And in form MGT-9 i.e. extract of annual return signature of PCS will be there(other than Small Comoany and OPC)