Section – 409 of Companies Act, 2013 Enforced with effect from 12-9-2013. Qualification of President and Members of Tribunal. 409. (1) The President shall be a person who is or has been a Judge of a High Court for five years. (2) A person shall not be qualified for appointment as a Judicial Member unless… Read More »
Section – 432 of Companies Act, 2013 Notified w.e.f 01.6.2016 as per NOTIFICATION NO. SO 1934(E) [F.NO.A-45011/14/2016-AD.IV], Right to legal representation 432. A party to any proceeding or appeal before the Tribunal or the Appellate Tribunal, as the case may be, may either appear in person or authorise one or more chartered accountants or company… Read More »
F. No. I-34011/1/2016-Coord/(pt. 2) Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan Dr. Rajendra Prasad Road New Delhi-110 001 Dated: 16.06.2016 To 1. Director General, Indian Institute of Corporate Affairs, New Delhi 2. Secretary, National Company Law Tribunal (erstwhile CLB), New Delhi 3. Registrar, Competition Appellate Tribunal, New Delhi 4.… Read More »
Companies Act, 2013 SCHEDULE II [ Enforced with effect from 1-4-2014.] (See section 123 ) USEFUL LIVES TO COMPUTE DEPRECIATION PART ‘A’ 1. Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted… Read More »
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF CORI’ORATE AFFAIRS Notification New Delhi, 10th June, 2016. [F. No. 17/31/2015-CL-V] Related Post Form 11 filing date of LLP extended HUF/ Karta can not become partner of LLP Form 14 for Conversion of Firm… Read More »
CARO 2016 As per Companies (Auditor’s Report) Order 2016 Notified on 29.03.2016, CARO 2016 will apply for the audit of Financial Year 2015-16 and onwards. It has 16 clauses. Also Read CARO 2016 Applicability Conditions 16 Points to be reported by Auditor as per CARO 2016 (i) (a) whether the company is maintaining proper records showing full… Read More »
CARO 2016 CARO 2016 Applicability Conditions :- As per Companies (Auditor’s Report) Order 2016 Notified on 29.03.2016 CARO 2016 Applicability Conditions are as follow :- 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… Read More »
CARO 2016 CARO 2016 [ Companies (Auditor’s Report) Order 2016 ] has been notified on 29.03.2016 by the Ministry of Corporate Affairs. It is applicable for audits of financial year 2015-16 and onwards. It shall apply to every report made by the auditor under section 143 of the Companies Act, 2013 on the accounts of every company… Read More »
Format for the Limited Review Report for companies (other than banks) Review Report to ……………………. We have reviewed the accompanying statement of unaudited financial results of …………………………….. (Name of the Company) for the period ended…………. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility… Read More »
section 434 of the Companies Act, 2013 NOTIFICATION [F.NO.1/30/CLB/2013/CL-V], DATED 1-6-2016 In exercise of the powers conferred by clause (a) of sub-section (1) of section 434 of the Companies Act, 2013 (18 of 2013), the Central Government hereby appoints the 1st day of June, 2016, on which all matters or proceedings or cases pending before… Read More »