Company Law - Page 419

Clarification under Section 224 (1) of the Companies Act, 1956

General Circular No. 35/1/90-CL.III (02/03/1990)

directed to refer to your letter no. CLC/79/89 dated 8th January, 1990 on the subject mentioned above and to say that while giving a certificate in terms of provision to sub-section 224 of the Companies Act, 1956, the auditor or auditors will not take into account the actual appointments as auditors in the companies but also their propose...

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Authentication of previous year figures in the Cost Audit Report

Notification No. 52/430/88-CAB (09/01/1990)

After a careful examination of the statement made by the cost auditors, the Department is of the view that it would be more appropriate if while mentioning the figures for previous year, the Cost Auditor certifies the position by means of note that figures so stated are on the basis of information furnished by the management, for which he...

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General circular No. 52/354/CAB -87, dated 30/08/1988

General circular No. 52/354/CAB -87 (30/08/1988)

Under the provision of S. 233B of the Act and the Cost Audit Report Rules made thereunder, the Cost Auditor after the submission of the Cost Audit Report has to furnish replies to all the supplementaries, queries from the Department of Company affairs arising through a review of the Cost Audit Report. A question has arisen as to when the...

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General Circular No. 52/409/80-CAB, dated 24/08/1984

General Circular No. 52/409/80-CAB (24/08/1984)

Authentication of Cost Audit Report in cases where a firm of Cost Auditors is approved under U/s 233B (2) of the Companies Act, 1956 for conducting Cost Audit....

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Appointment of Cost Auditor in Firm’s Name

General Circular No. 54/409/80-CAB (19/11/1993)

All the partners of the firm are practicing cost accountants within the meaning of Section 6 and 7 of the Cost and Works Accountants Act, 1959,...

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Disclosure of full details in Cost Audit Report

General Circular No. 3/1983 (18/03/1983)

The attention of the Institute is drawn to the provisions of section 233B of the Companies Act, 1956, and the Cost Audit (Report) Rules, 1968, as amended from time to time. The duties of the cost accountants appointed to conduct an audit of cost accounts of the company flow directly from the above provisions and as such they should in str...

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Appointment of Cost Auditor as an Internal Auditor of a Company

General Circular No. 1/1983 (20/01/1983)

Similarly, a question has now been raised whether a Cost Auditor of a Company can also be its internal auditor which has been carefully examined in this Department. Since the Cost Auditor is required to comment on the scope and performance of internal audit as per the provisions of the Cost Audit (Report) Rules, 1968, it would tend to mi...

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Modification in sections 100-103, 391, 392 and 394 of the Companies Act 1956

Notification No. G.S.R. 238 (02/02/1978)

In exercise of the powers conferred by rule I91-T3 of tho Ceram! Excises Rolm 1944, the Central Government hereby makes the following further amend‑ment in the notification of the Government of India is the Ministry of Finance....

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Companies (Acceptance of Deposits) Rules, 1975


Companies (Acceptance of Deposits) Rules, 1975 In exercise of the powers conferred by section 58A, read with section 642 of the Companies Act, 1956(1 of 1956), the Central Government, in consultation with the Reserve Bank of India, hereby makes the following Rules, namely :- 1. Short title, commencement and application.- (1) These Rules m...

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Companies (Declaration of Beneficial Interest in Shares) Rules, 1975

Notification No. G.S.R. 53(E) (20/02/1975)

The declaration required to be made by a person referred to in sub-section (1) of section 187-C shall-within thirty days from the commencement of these rules, or within thirty days after his name is entered in the register of members of a company as the holder of a share in that company, whichever is later, be made to the company in Form...

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Company Law News India

Corporate law also known as the company law is the study of how the directors, shareholders, creditors, employees and other participants in the community, consumers, and the environment work together with each other. Company law deals with organizations which are registered or incorporated under the Indian company law. The latest Companies Act is the Act which controls the incorporation of companies, responsibilities of companies, directors and laws relating to dissolution of any company. The newly constituted Companies Act 2013 is divided into twenty-nine chapters comprising 470 with 7 schedules. This Act replaced the previous Companies Act, 1956 on August 29th, 2013. The newly constituted Act came into action on September 12th, 2013 with number of changes.

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