A Section 25 company having 100s of branches (Eg:- a church)decided to appoint branch auditors. Each branch head is authorised to appoint the branch auditor. Can an auditor accept the appointment letter issued by the branch head. It is practically impossible to convene a general meeting and appoint each branch auditors? Is such appointment is in violation to provisions of Companies act, 1956? If so, what is the correct procedure for appointment and acceptance of Branch Auditor??

25th April 2014

Dear Members

I give below Section 144 of the New Companies Act, 2013 which stipulates that the Statutory Auditors cannot provide certain services (see below "a" to "i")

In this connection my query is whether the statutor auditor can provide tax audit services to the company. Whether providing tax audit servics will attract Sec 144(i) of the New Act.

144. An auditor appointed under this Act shall provide to the company only such
other services as are approved by the Board of Directors or the audit committee, as the case
may be, but which shall not include any of the following services (whether such services are
rendered directly or indirectly to the company or its holding company or subsidiary company,
namely:—
(a) accounting and book keeping services;
(b) internal audit;
(c) design and implementation of any financial information system;
(d) actuarial services;
(e) investment advisory services;
(f) investment banking services;
(g) rendering of outsourced financial services;
(h) management services; and
(i) any other kind of services as may be prescribed

Kindly clarify

with regards

Murali

Can an executive director be appointed in two companies at the same time...Plz advice

Dear Experts,

Kindly advice the applicability of Companies act 2013.
Which sections are applicable on the accounts of year ending on 31.03.2014?
I am really confused regarding this..??
what all the sections are applicable till date?
Thanking you in advance

Best Regards'
Pooja

Dear Expert

What is the difference between Rubber stamp and Common Seal?

Can i use round rubber stamp as common seal as well for private companies or common seal is altoghther different??

Thanks in advance

Dear Sir,
Can a private limited company borrow from a private limited company in which 2 of the three shareholders of the first company are shareholders of the second company under the Companies Act,2013?

Dear All,

Ours is a private company outside the purview of section 139(2). My query is are we required to appoint the retiring auditors in the coming general meeting for holding the office till the sixth agm from that meeting or for the remaining agms left after calculating the no. of meetings as per section 139(1).

Thanks

dear sir,

in case a full time director of a company is paid a salary of Rs.40,000/- pm for 1 year(Rs.4,60,000/-), what is the taxable amount and what is the percentage of tds to be deducted !

please solve my query.

regards

vijay

can a director sign the financial statements of the company before its appointment, after signing backdated letter?for eg:- its signs the financial statements for FY 13-14 of a company if he is appointed in next financial year with backdated signed in march 2014?

Dear sir,
In response to the filing of Incorporation documents like form 1,18,& 32. The roc has marked resubmission stating that “Pl.furnish the NOC and also affidavit. Form should be resubmitted by 12/04/2014 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)” and asked for resubmissing of form 1and 18.

For further information:
1) The Form 1A is fill by 4subscribers to moa A,B,C & D where the applicant is mr.a
2) But the Form 1 is sighned by Mr.B and we included an other person to the subscriber Ms.E
3) For the Proof of address for register office we attached eletricty bill in the name of M/s B a propritory concer wich is taken on lease by Mr.B

Please suggest me to go ahead with the re-submission

Best regards,

Narasimha