Section 226 (1) read as"226. Qualifications and disqualifications of auditors.
(1) A person shall not be qualified for appointment as auditor of a company unless he is a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (48 of 1949 ):

Provided that a firm whereof all the partners practising in India are qualified for appointment as aforesaid may be appointed by its firm name to be auditor of a company, in which case any partner so practising may act in the name of the firm."

MY QUERY IS WHETHER THIS SECTION PROHIBITS FROM APPOINTING A FIRM OF SOLE PROPRIETOR CHARTERED ACCOUNTANT IN THE NAME OF FIRM? SAY CA XYZ IS PROPRIETOR OF XYZ & CO. WHETHER A COMPANY CAN APPOINT IT BY STATING FIRM NAME?

Dear friends ,
I am rahul tandon. I cleared CA Final both groups Nov 10 attempt.
I secured 78 marks in MICS. I want to confirm whether these are ALL INDIA HIGHEST MARKS IN MICS or Some other student has secured more than that.
I already have written a mail to ICAI , but they have not yet replied.
So, Kindly advice where to confirm.

thanks
rahul tandon(don_rahul@indiatimes.com)

one of my client has applied for service tax registration showing Interior Decorator as service. Against that ST1, ST2 issued 2 day before through email. On that ST2 official Seal has not taken yet. Now I want to amend my service & I hv to Shown it as "Works contractor".
How can I do this??
Before taking Sign & seal on earlier ST2, Can I make this amendment???
Plz tel me the Procedure...

I want to convert from pcc to ipcc,i have completed 29 months of articleship on 10 june 2010, and till then i have not join the office due to some personal reasons, Now my question is???
1.What is the process for conversion from pcc to ipcc?????
2.i want to terminate the articleship,so please enlighten me that whether i have take consent of my principal before conversion,when i can take the termination???
3. And After conversion my done articleship is considered or not???
4. when my exams due???

any one please reply
thanks

A Person has sold his property for Rs. 5 crore which he gets as follow:

some part of property from his mother undre gift &

remaining part of the property is his share obtained by dividing the property in four parts by all the four brothers under mutual consent.

1) Is the partition by mutual consent is valid in our constitution?

2) What will be the cost of property for calcuklating the Capital Gain?

3) What is the treatment of the property which is received as Gift from his mother ?

DEAR EXPERT,

I am working in pvt ltd company having turnover of rs 100 crores. Management wanted to appoint a Company Secretary. As I became CA in last week.

I suggested to management that there is no need to appoint CS as our company is pvt ltd co., and most of the sections are not applicable to pvt ltd company.

I selected following sections are applicable.
1] Sec. 255,256,257
2] Sec. 285 - 289
3] Sec. 220
4] Sec 166
Are there any other sections whichare applicable?? Plz guide me.

As per the recent announcement by ICAI the cities for campus interview is divided in 5 centres .. At first I have to select companies
so can i select companies from different cities ? further while attending interview can I appear in interview in more then one centre or just I can attend interview at one center?

Further I am also doing CS but I have not filled form No. 112 for CS, do can I Show that I ma a CS qualified in campus or I should not show the same ?

Assessee is a Pvt Ltd Comapny. It derives Income from Tea Garden, by producing and cultivating green Tea leaves. The tea garden is planted on a leased land for which the said co is paying annual rent at Rs 195000 p.a.
If the said company is laible to deduct Tax at source on Rent?

Please any one help me in solving the below problem....

From the following information related to ABC Ltd., you are required to prepare balance sheet.

1. Current Ratio -> 2.5
2. Acid Test Ratio -> 1.5
3. Gross profit on Sales Ratio -> 20%
4. Net Working Capital / Net Worth Ratio -> 0.3
5. Sales / Net Fixed Asset Ratio -> 2.0
6. Sales / Net Worth Ratio -> 1.5
7. Debtors Ratio -> 6.0
8. Reserve / Capital Ratio -> 1.0
9. Net Worth / Long Term Loan Ratio -> 20.0
10. Stock Velocity -> 2 months
11. Paid up Share Capital -> 10,00,000

co-operative society(bank)is a body corporate and as per Sec. 2(7) of companies Act, a co-operative society is out of definition of body corporate and therefore, Is the co-operative society not exempted from service tax so far as banking services are concerned by exclusion through definition.