Company Law matter
This query is : Resolved
19 November 2007
No, the auditor need not to report the compliance/non compliance relating to company Act, 1956.
He is responsible only for the Financial Statement of the Company.
Your Company Secretary will look after the compliance of compnies act & reporting thereof.
He is responsible only for the Financial Statement of the Company.
Your Company Secretary will look after the compliance of compnies act & reporting thereof.
19 November 2007
THE AUDITOR UNDER THE COMPANY LAW IS A WATCH DOG REPORTING TO OWNERS ie shareholders.
THE NEW CARO 2003 REQUIRES HIM TO REPORT ON VARIOUS MATTERS OF INTEREST AND CONTROL OF SHAREHOLDERS.EVEN THE TAX AUDIT REPORT NEEDS HIM TO REPORT ON SEVERAL MATERIAL FACTS.HE NEEDS TO COMMENT ON INTERNAL CONTROLS UNDER WHICH COMES CONDUCT OF BOARD MEETINGS.
WHATEVER IS AFFECTING THE TRUE AND FAIR VIEW OF STATE OF AFFAIRS OF THE COMPANY AND IN PARTICULR OF THE PROFIT AND LOSS AND B/S OR ASSETS AND LIABILITIES NEED TO BE REPORTED.
IN THE LATEST CORPORATE GOVERNANCE REPORT CERTICICATE( FOR LISTED COMPANIES) REQUIRED TO BE SIGNED BY THE AUDITOR AND ATTACHED TO CORP. GOVRNANCE REPORT OF THE DIRECOTRS WHICH CASTS LOT OF RESPONSIBILITY ON HIM .HE NEEDS TO COMMENT THAT CLAUSE 49 OF LISTING AGREEMENT IS COMPLIED, ONE OF THE SUB CLAUSES OF CLAUSE 49 RELATES TO CONDUCT OF NUMBER OF BOARD MEETINGS.AS PER SEBI THE NUMBER IS 3 . AS PER COMPANY LAW IT IS 4 .
EVEN FOR AN UNLISTED COMPANY,AS FOR COMPLIANCE UNDER COMPANY LAW ,SECRETAIAL AUDIT REPORT IS ALSO REQUIRED TO BE FILED WITH ROC FOR COMAPNIES WITH PAID UP CAPITAL BETWEEN RS. 10 LAKHS TO RS. 2 CR. IN WHICH ALL COMPANY LAW COMPLIANCES TO BE REPORTED INCL. NUMBER OF BOARD MEETINGS , ETC...
R.V.RAO
THE NEW CARO 2003 REQUIRES HIM TO REPORT ON VARIOUS MATTERS OF INTEREST AND CONTROL OF SHAREHOLDERS.EVEN THE TAX AUDIT REPORT NEEDS HIM TO REPORT ON SEVERAL MATERIAL FACTS.HE NEEDS TO COMMENT ON INTERNAL CONTROLS UNDER WHICH COMES CONDUCT OF BOARD MEETINGS.
WHATEVER IS AFFECTING THE TRUE AND FAIR VIEW OF STATE OF AFFAIRS OF THE COMPANY AND IN PARTICULR OF THE PROFIT AND LOSS AND B/S OR ASSETS AND LIABILITIES NEED TO BE REPORTED.
IN THE LATEST CORPORATE GOVERNANCE REPORT CERTICICATE( FOR LISTED COMPANIES) REQUIRED TO BE SIGNED BY THE AUDITOR AND ATTACHED TO CORP. GOVRNANCE REPORT OF THE DIRECOTRS WHICH CASTS LOT OF RESPONSIBILITY ON HIM .HE NEEDS TO COMMENT THAT CLAUSE 49 OF LISTING AGREEMENT IS COMPLIED, ONE OF THE SUB CLAUSES OF CLAUSE 49 RELATES TO CONDUCT OF NUMBER OF BOARD MEETINGS.AS PER SEBI THE NUMBER IS 3 . AS PER COMPANY LAW IT IS 4 .
EVEN FOR AN UNLISTED COMPANY,AS FOR COMPLIANCE UNDER COMPANY LAW ,SECRETAIAL AUDIT REPORT IS ALSO REQUIRED TO BE FILED WITH ROC FOR COMAPNIES WITH PAID UP CAPITAL BETWEEN RS. 10 LAKHS TO RS. 2 CR. IN WHICH ALL COMPANY LAW COMPLIANCES TO BE REPORTED INCL. NUMBER OF BOARD MEETINGS , ETC...
R.V.RAO
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- 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
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
