All my friends. Settle down let me talk, I will get more and more emotional (crowd gets louder and louder as he composes himself). My life, between 22 yards for 24 years, it is hard to believe that that wonderful journey has come to an end,
The New Companies Act 2013 has introduced some new concept in the Act. There are some concepts due to which many areas of excellence have taken birth for a professional. Registered Valuer Concept is required as per the new Companies Act 2013 for the valuation of different assets of the company like property, stocks, shares, debentures, securities, goodwill or any other asset.
Can user of financial statements/Depositors rely on such Balance Sheets which has been signed by Central Statutory Auditors on the basis of meager number of Audited Branches due to increase in limit from Rs. 5 crore to Rs. 20 Crores by the regulator:-
It is generally said by every expert that an auditor will be removed under new company Law only after obtaining previous approval of central Govt. Sec 140(1) confirms this. However, in my opinion an auditor can be removed under new company Law without obtaining previous approval of central Govt also .
Section 86 provides a second stage appellate platform for making appeal against the orders under section 73, 83A or 85.
