Clause 4 of part i of 2nd schedule to ca act 1949
This query is : Resolved
24 July 2015
Hello Sir/madam
please give me a solution for below query
If CA "M" is a director of a Co. "A".
Co "A" is writing books of accounts of various entities. Audit, preparation of financial statements etc. of these entities are done by a CA "M"
is it attract applicability of Clause 4 of part I of 2nd Sch. to CA Act.
Thank You
24 July 2015
If 'M' has no 'substantial interest' in the Auditee, attestation can be done on the works done by 'A', provided 'specific' permission of ICAI is obtained by 'M' to become a director in 'A'.
Ps:- for 'substantial interest' pl see clause B (II)(i) of Appendix F of CA Regulations, 1988.
Ps:- for 'substantial interest' pl see clause B (II)(i) of Appendix F of CA Regulations, 1988.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Intimation under section 245
- GST input credit on commercial property
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
