18 December 2014
Listed company or all unlisted public companies having paid up share capital of Rs. 10 crore or more, all private limited companies having paid up share capital of Rs. 20 crore or more, all companies having public borrowings from financial institutions, banks or public deposits of Rs. 50 fifty crores or more shall not appoint or re-appoint an individual as auditor for more than one term of 5 consecutive Years; and an audit firm as auditor for more than two terms of 5 consecutive years. These auditor (either individual/audit firm) can be re-appointed after cooling off period of 5 years. Three years transition period will be given to comply this requirement.
No audit firm shall be appointed as auditor of the company for a period of five years, if same firm presently having a common partner(s)to the previous audit firm, whose tenure has expired in a company immediately preceding the financial year. The right of the company to remove the auditor or the right of the auditor to resign from such office of the company is not affected by this sub-section. Thus, an auditor can resign or be removed by the shareholders before completion of his term as discussed above. The firm shall include a limited liability partnership incorporated under the Limited Liability Partnership Act, 2008.
18 December 2014
you are welcome....................
Querist :
Anonymous
Querist :
Anonymous
(Querist)
18 December 2014
i hve A doubt about while i am filing ADT-1 asking GLN wat is it?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
19 December 2014
sir please tell me the list of special resolutions under companies act 2013?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 December 2014
Dear Sir a new private limited co is incorporated on 12/12/2014, in 1 directoris reappointed as a managing director . filled Mr-1 is it striaght form ?or any other forms have to filed? please specify i am confused