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companies bill ,2008

Others 841 views 3 replies

CA Swapnil

job

1210 Points Joined September 2007

some changes proposed in companies bill ,2008

Sr no	New Proposed provision	Existing Provision
1	All the companies are mandatorily	Companies are provided flexibility
	required to adopt year ending 31st March for	to choose any year end for preparation
	preparation of financial statements	of financial statements.

2	The Bill imposes a duty on the auditors of the company	The existing framework gives a right to the auditors to attend the general meetings.
	to attend the general meetings of the company

Sr no	New Proposed provision	Existing Provision
1	All the companies are mandatorily	Companies are provided flexibility
	required to adopt year ending 31st March for	to choose any year end for preparation
	preparation of financial statements	of financial statements.

2	The Bill imposes a duty on the auditors of the company	The existing framework gives a right to the auditors to attend the general meetings.
	to attend the general meetings of the company

Replies (3)

Tharish V

Student

988 Points Joined July 2008

good, but can we know when is the applicable date for this new bill...??

Isha Gupta

Chartered Accountant

180 Points Joined May 2009

This is a bill and not the act, hence no applicable date.

Prem Kumar

Articled student--Final

375 Points Joined July 2008

Can any one let me know when is the expected date for the Companies Bill 2008 to get the assent form the president. And from which date will it be applicable.