Articles by CS Divesh Goyal

Provision relating to auditor under new Companies Act

CS Divesh Goyal 25 March 2015 at 10:40

PROVISONS RELATING TO AUDITORPROVISIONS ON AUDITORSUNDER COMPANIES ACT, 2013 I have earlier discussed the many provisions relating to auditors in my earlier articles. Earlier published articles are as following: I. Appointment of AuditorII. Resignati

Penalty and punishment for auditors

CS Divesh Goyal 23 March 2015 at 10:38

PENALTY & PUNISHMENT ON AUDITORSUNDER COMPANIES ACT, 2013 A. Contravention of Provision of Section 139-146: (Attendance in General Meeting): If any provisions of this Section contravene then: Penalty on Company: The company shall be punishable wi

Key Managerial Personnel

CS Divesh Goyal 21 March 2015 at 12:12

KEY MANAGERIAL PERSONNELSection 203 read with rules- 8 of Companies(appointment and remuneration) Rules, 2014 Companies Act, 2013 (Act) has introduced many NEW CONCEPTS AND KEY MANAGERIAL PERSONNEL is one of them. While the Companies Act, 195

Wake up call for companies in the month of March

CS Divesh Goyal 14 March 2015 at 11:04

The Companies needs to ensure Compliance of following provisions during financial year, 2014115 under New Companies Act, 2013. The below list is not exhausted list and every Company needs to check the applicability of other provisions of the Companie

Services which can be rendered by the auditors

CS Divesh Goyal 25 February 2015 at 16:18

As per Provisions of Section- 144 of Companies Act, 2013, A Statutory Auditor of company cant provide the following below mentioned services to followings: Services which a Statutory Auditor cant provide directly or indirectly to above

Applicability of provisions under Co. Act, 2013

CS Divesh Goyal 09 January 2015 at 11:05

1. Applicability of XBRL (Extensible Business Reporting): General Circular No. 16/2012 Dated: 06.07.2014. Vide Companies (Filing of documents and forms in Extensible Business Reporting Language) Rules, 2011 notified vide GSR No. 748E dated 5.10.201

Procedure of removal of directors under Co. Act, 2013

CS Divesh Goyal 29 December 2014 at 17:58

Power to remove directors has always been bestowed on shareholders, as we all know that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can

Independent directors

CS Divesh Goyal 17 December 2014 at 10:31

Independent directors are now a crucial part of Indian company law

Procedure of resignation of director

CS Divesh Goyal 13 December 2014 at 13:15

Section 168, the Companies Act, 2013: Resignation of directors Corresponding sections of the Companies Act, 1956: None this is a newly introduced section. DIRECTORS RESIGNATION UNDER COMPANIES ACT, 2013:- 1. The Director intending to resign shall s

Compliances for listed company under Co. Act - 2013

CS Divesh Goyal 08 December 2014 at 11:12

LISTED COMPANY COMPLIANCES Series-30 2 (52) Listed Company means a company which has any of its securities listed on any Recognized stock exchange; 23. (1)A Public Company may issue securities (c) Through a rights issue or a bonu