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Archive: February, 2015

Posts in February, 2015

We the people or we the sitting Ducks

February 22, 2015 717 Views 0 comment Print

Almost all of us go for family outings every now and then and one of the most important activities, without which an outing is not complete, is having a meal at a nice Restaurant. However, it’s the ‘RESTAURANT’S BILL’ which acts as a party spoiler due to the respective taxes and charges applied therein. Thus, […]

State should behave like a ‘responsible litigant’ with the citizen

February 22, 2015 1068 Views 0 comment Print

State has a responsibility towards the citizen, who should not treated as opposite party or rival. It is not proper to take every case in appeal up to apex court mechanically, simply because there is a provision in Civil Procedure Code.

Pre-2005 Series Banknotes – FAQ

February 22, 2015 1214 Views 0 comment Print

We are giving below some of the Frequently asked question related to Pre-2005 Series Banknotes to make our readers better understand the issue of Pre-2005 Series Banknotes. 1. What are the pre-2005 series banknotes? The RBI issued Mahatma Gandhi series (MG series) 2005 banknotes in the denomination of Rs. 10,  20,  50,  100, 500 and  […]

All Party Budget Session of Parliament on February 22

February 21, 2015 1198 Views 0 comment Print

All Party Meet for mutual consultations on Budget Session of Parliament on February 22 Session to open with President’s Address to members of both the Houses 44 items of Government Business on the agenda for Budget Session The Government will discuss with leaders of various parties the financial, legislative and other business to be taken […]

Section 140 of the Companies Act, 2013

February 20, 2015 28555 Views 0 comment Print

Extract of Section 140 of the Companies Act, 2013 140. Removal, resignation of auditor and giving of special notice (1) The auditor appointed under section 139 may be removed from his office before the expiry of his term only by a special resolution of the company, after obtaining the previous approval of the Central Government […]

Section 142 of the Companies Act, 2013

February 20, 2015 32723 Views 0 comment Print

Extract of Section 142 of the Companies Act, 2013 142. Remuneration of auditors (1) The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein: Provided that the Board may fix remuneration of the first auditor appointed by it. (2) The remuneration […]

Section 146 of the Companies Act, 2013

February 20, 2015 28259 Views 7 comments Print

 Extract of Section 146 of the Companies Act, 2013 146. Auditors to attend general meeting All notices of, and other communications relating to, any general meeting shall be forwarded to the auditor of the company, and the auditor shall, unless otherwise exempted by the company, attend either by himself or through his authorised representative, who […]

Section 145 of the Companies Act, 2013

February 20, 2015 33169 Views 0 comment Print

Extract of Section 145 of the Companies Act, 2013 145. Auditor to sign audit reports, etc The person appointed as an auditor of the company shall sign the auditor’s report or sign or certify any other document of the company in accordance with the provisions of sub-section (2) of section 141, and the qualifications, observations […]

Section 143 of Companies Act, 2013

February 20, 2015 180381 Views 0 comment Print

Extract of Section 143 of Companies Act, 2013 143. Powers and duties of auditors and auditing standards (1) Every auditor of a company shall have a right of access at all times to the books of account and vouchers of the company, whether kept at the registered office of the company or at any other […]

Section 139 of Companies Act, 2013

February 20, 2015 53788 Views 1 comment Print

Extract of Section 139 of the Companies Act, 2013 139. Appointment of auditors (1) Subject to the provisions of this Chapter, every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth […]

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