STATE BANK OF MYSORE, HEAD OFFICE BANGALORE INVITES APPLICATIONS FOR THE EMPANELMENT OF STOCK SUDITORS IN THE BANK. START DATE: 21.04.2014, CLOSE DATE- 10.05.2014.
Direct Taxes Code, 2013 has proposed to widen the scope of the definition Accountant” to include other professionals as well. It is a fact that various provisions in the Income-tax Act, 1961 under which chartered accountants have been given the responsibilities to undertake audit and certification of accounts of various entities have the emphasis on audit of the relevant accounts which is the exclusive domain of Chartered Accountants.
We wish to draw your kind attention to the genuine difficulties arising out of the restriction on number of audit, which can be conducted by an auditor under section 141(3)(g) of the Companies Act, 2013.
The Supreme Court today advocated in the case of JAIPUR SHAHAR HINDU VIKAS SAMITI TR.PRES Vs. STATE OF RAJASTHAN TR.CHIEF SEC.& ORS. that judiciary should deal with iron hand the misuse of Public Interest Litigation (PIL) which is being exploited for the benefit of individuals.
The Supreme Court has held in the case of ASSO.OF UNIFIED TELE.SERV.PROV.& ORS. Vs. UNION OF INDIA & ORS. in CIVIL APPEAL NO. 4591 OF 2014, Date of Decision 17.04.2014 that Pvt firms including telecom Companies come in CAG ambit.
Companies Act, 2013 is out. Companies have to fulfill the requirements stated therein. Few provisions have already been published which can be found at: Immediate Compliance for Companies under Companies Act, 2013 – PART 1 Some more provisions are stated hereunder: 1. Appointment of Company Secretary: Now, only a Public Limited Company whose paid up […]
The liability of each partner is limited to the contribution mention in agreement., The cost of formation is limited., Less restriction and compliance., Separate Legal Entity
