O 2020 introduces new clauses and enhances reporting requirements compared to CARO 2016. Key changes include reporting on material uncertainty around liabilities, adequacy of internal audit, whistle-blower system, and more. Despite increased reporting, CARO 2020’s applicability remains similar to CARO 2016. This comparative summary details the changes in each clause, helping you navigate the updated requirements for a comprehensive audit.
SEBI grants relaxation for listed companies on hard copies of annual reports till December 31, 2022, aligning with MCA Circular. Explore the details of the provisions under Regulation 36(1)(b), Regulation 47, Regulation 36(1)(c), and Regulation 44(4). Stay informed on the latest regulatory updates.
Unlock the key steps and conditional requirements for Private Placement of Shares/Securities under the Companies Act, 2013. Navigate through the process from convening board meetings, obtaining valuations, filing forms, to issuing share certificates. Ensure compliance and transparency in raising capital for your compan
Easily navigate the process of filing the Statement & Certificate of Section 80G Donation using Form 10BD for the FY 2021-22. Learn about due dates, required details, filing steps, and penalties for non-compliance. Stay informed about the new norms for a transparent deduction process under Section 80G.
Explore the seamless procedure for issuing and delivering share certificates after allotment in a company. Learn about the essential steps, board resolutions, form SH-1 preparation, entry in the register of members, stamp duty adjudication, and compliance timelines. Trust the guidance for a smooth share certificate issuance process.
Discover the details of ITR-U, the updated income tax return under Section 139(8A) of the Income Tax Act. Learn about the filing period, limitations, required details, and additional tax payments. Uncover reasons for updating and the criteria for eligibility. Stay informed for a seamless tax filing experience.
The Negotiable Instruments Act, 1881 (hereinafter referred as NI Act) is the safety net for those creditors (deemed or actual) who face difficulties in recovering defaulted amount, on account of debt or any other liability. Section 138 of the NI Act prescribes criminal liability onto such defaulter on account of dishonorment of cheque(s) which includes imprisonment for a maximum period of 2 years or fine upto twice the amount of cheque.
Explore the intricacies of Supply By/To Special Economic Zone (SEZ) Units under the SEZ Act, 2005. Learn about the benefits, documentation, and GST implications for seamless operations within SEZs. Stay compliant and unlock the potential of your business.
Discover the Consequences of Non-Filing of Annual Returns with ROC for Companies under the Companies Act 1956/2013. Explore timelines, penalties, and the impact on both companies and directors. Learn about solutions to maintain compliance and avoid disqualification.
Explore the Basics of Banking: Delve into Schedule 3 on Deposits, covering Demand, Savings, and Term Deposits from Banks and Others. Uncover insights on interest, branch deposits, and special considerations. Discover Schedule 4 on Borrowings, detailing sources like Reserve Bank of India, Other Banks, and Institutions. Gain clarity on secured borrowings and inter-office transactions.
