The Companies Act is a legislation that governs the formation, functioning, and management of companies. Explore the key provisions, compliance requirements, and legal framework under the Companies Act.
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CA, CS, CMA : A comprehensive guide covering 175 legal compliances for July 2026 under FEMA, Income Tax, GST, SEBI, Companies Act, Labour Laws, ...
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In view of the publication of Companies (Auditor’s Report) Order, 2015 dt. 10.04.2015 which is applicable to every report made by the auditor under section 143 of the Companies Act, on the accounts of every company examined by him for the financial year commencing on or after 1st April, 2014.
The MCA has issued Companies (Auditor’s Report) Order,2015 vide order dated 10.04.2015. It shall come into force on the date of its publication in the Official Gazette. We have Compiled format of Such CARO 2015 Audit Report and also uploaded the same in word format at the end of our this article. Format of CARO 2015 Audit Report will be as follows:-
One person company is a form of business, introduced by Companies act, 2013, enabling sole proprietors to enter into corporate world. It is like forming a company with the soul of proprietorship and privileges of a private limited company but with fewer requirements.
(1) This order may be called the Companies (Auditor’s Report) Order, 2015. (2) It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except –
ANNOUNCEMENT ON CARO, 2003 AND ADDITIONAL REPORTING UNDER THE COMPANIES ACT, 2013 We are receiving queries from the members regarding applicability of CARO, 2003 along with Auditors’ Report on financial statements of companies for the financial year 2014-15. The Ministry of Corporate Affairs (MCA) is working on it and has constituted a Committee for this […]
The article briefly explains the guidelines issued by the Auditing Assurance Standards Board of Institute of Chartered Accountants of India on Reporting of Fraud under Sec 143(12) of the Companies Act 2013.
Provisions regarding registered office of a company are primarily contained in Section 12 of the Companies Act, 2013. As per Section 12, every company is required on and from the 15th day of its incorporation and at all times thereafter to have a registered office which is capable of receiving and acknowledging all communications and notices as may be addressed to it.
The Companies Act, 2013 (the Act or New Act) brought in many changes which directly impact preparation of financial statements and require understanding of the new definitions and provisions. Earlier, The Company act 1956 didn’t include cash flow statement in the Definition of Financial statement.
With the introduction of concept of One Person Company (hereinafter OPC) in Companies Act, 2013 individuals doing business as sole proprietors will now be able to avail the benefits of limited liability without a second person to form a company.
Under Section 118 of Companies Act, 2013 every Company is required to cause the minutes of the proceedings of every: 1. General Meeting of any class of shareholders or creditors; 2. Resolution passed by Postal Ballot; 3. Meeting of Board of Directors or committee of the Board
