Is there any section regarding mandation of internal audit by a company

is there any section says internal audit is compulsary?

I am having attempt in May 2009 i am having two attempts if i does'nt complete in those 2 attempts whether we have to compulsarily change into new syllabus or there is any Chance to increse attempts in old Syllabus?

Can anybody provide me Profarma of Internal Control of Power generating Company based on wastage?

***********

hi,

i have passed CA PE-II 2nd group and has appeared for Nov.2007 as my 7th attempt . i have completed my articleship in April 2007.i want to ask :

1) whether any more attempts are left for me to appear for PE-II or i have to get registered for PCE

2) If i get registered under PCE , whether i have to appear for both groups or for the remaining one only.what i will be required to do under the new course.

***************

Dear All, I am a partner in a CA firm. I want to start a company - consultancy company. I got the following option.

1. Start XYZ Pvt. Ltd. and the share holders will be non related members. I will hold the director ship of that company and i will give the consultancy as and when required.

2. Start XYZ Pvt. Ltd. and i will a consultancy to that company. ( No connection between me and that company)

Pl. guide me can i do this within the boundaries of ICAI Act. I also want to continue my practice under a partnership firm. Pl. guide me about the other options also.

is the staff welfare expoenses like food provided by the employer to labourers and guests is chargeable to FBT.

If we have debited expenses a/c crediting expenses payable account without deducting TDS on closing date , in april while making payment we deducted TDS and deposited same on same date , what will be consequence ,in which TDS reture it need to be submitted and for which FY