"Central Council Member (CCM), Chairman of WIRC of ICAI for 2012-13, during his chairmanship WIRC got Best Regional Council award, Best Student Association award, and 8 awards to various branches, in all 10 awards which is highest ever achiever in the history of WIRC."
The business entity such as Proprietary Concerns/Partnership Firms/ LLP/ AOP/HUF/ Companies, etc. has to follow various statutory compliances monthly/quarterly/half-yearly/annually, as the case may be.
As you know, our profession is growing exponentially and the main reason is change. Today we are seeing amendments and modifications in almost all laws and are at a stage where we have to transform our thought process and discover new ways of performance. It is time for us to see that clients see value […]
Companies (Amendments) Ordinance 2019 has made significant changes to timeline and penalties for filing of forms related to Annual Return, Creation of charge forms, Resolutions and Agreements, Report on Annual General Meeting, Annual Accounts, Resignation of Auditor, Director Identification Number with ROC. Article discusses such changes in Tabular format comparing the changes with provisions before the […]
Article discusses Changes in Provisions related to Directors Responsibilities as amended by Companies (Amendment) Ordinance, 2019. It discusses amendments related to Declaration by the Director under New Section 10A, Punishment for contravention under Section 159, Number of Directorships, Payment to director for loss of office, etc., in connection with transfer of undertaking, property or shares, […]
Five years after the Companies Act, 2013 provided for the creation of a National Financial Reporting Authority (NFRA), Government has taken steps to implement NFRA. Ministry of Corporate Affairs MCA vide its notification dated 13th November 2018 notified National Financial Reporting Authority (NFRA) Rules 2018. T
Till now ICAI used to make recommendations to the Central Government on the formulation and laying down of accounting and auditing policies and standards but, from now onwards ICAI will act as advisory to NFRA and NFRA will recommend to the Government.
In pursuance of sections 4,7,12,152 and 153 of the Companies Act, 2013 read with rules made there under- Single application for following in this form a. approval of name b. incorporation of a new company c. application for allotment of DIN d. supporting documents including details of Directors & subscribers, MoA and AoA etc. Once the eForm is processed and found complete, company would be registered and CIN would be allocated
Every company shall prepare an annual return in the form MGT-7 containing the particulars as they stood on the close of the financial year regarding: its registered office, principal business activities, particulars of its holding, subsidiary and associate companies; its shares, debentures and other securities and shareholding pattern; its indebtedness; its members and debenture-holders along with changes therein since the close of the previous financial year
The introduction of the New Companies Act, 2013 has lead to increase in the number of forms required to be filed with ROC whether it is in regular course or be it specific event based requirement and also lead to complexities with the procedural requirement associated with the Private Limited Companies.
An auditor prepares a plan after the selection of senior and junior staffs allocating the jobs to them, mentioning when to start, how to do the work etc. This plan is known as audit program. An auditor should include all the procedures in written form, objectives of each sector and all the directions which are to be given to the staffs which helps to control their works and helps to implement such programs into action.
