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CARO 2015
The MCA has issued Companies (Auditors Report) Order, 2015 vide order dated 10th April, 2015. It shall come into force on the date of its publication in the Official Gazette. The matters which on which reporing are required under CARO 2015 Aud
How can we strengthen Procurement Function to achieve savings for your Organization?
Internal Audit report on the Procurement Function of Sure Shot Engineering Co. highlighted certain inconsistencies like inducting vendors with no apparent reason to d
One Person Company: Soul of proprietorship in corporate body
ONE PERSON COMPANY: A PRACTICE TO MERGE SOUL OF PROPRIETORSHIP IN THE BODY OF A COMPANY.BY MAYANK VASHISHTA The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can giv
Challenges for Auditor in Companies Act, 2013
Overview to the Companies Act, 2013:The new Companies Act (hereinafter referred as COMPANIES ACT 2013) is replacing old Companies Act, 1956The Companies Act 2013 makes comprehensive provisions to govern all listed and unlisted companies in the countr
Sustainability, Social Audit and Good Corporate Governance
Sustainability and Social Audit as a measure of Good Corporate GovernancePrefaceIn today's competitive globalised world, the most commonly disccused terms as a part of viability and credibility of the organisations are sustainability and social r
Highlights of FTP: 2015-20
Pleased to inform you that the Government of India, Ministry of Commerce and Industry has announced New Foreign Trade Policy 2015-20 on 01.04.2015 with an objective to provide stable and sustainable policy environment for Foreign Trade in merchandise
Best of Judgement and Principles of Natural justice
BEST OF JUDGEMENT AND PRINCIPLES OF NATURAL JUSTICE UNDER TNVAT Act, 2006INTRODUCTION:In the recent times, many writ petitions have been filed before the Honble Madras High Court seeking intervention of the High Court an
Land Bill: The Harbinger of Achche Din- Is It?
The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Amendment) Bill, 2015, better known as the Land Bill, recently presented in the Parliament has once again brought to the forefront the divided opini
Auditors report for 2014-15- FAQ
There have been several mails and calls seeking clarifications on the Auditors Report to be issued for the period ended March 31, 2015. I summarise the issues as under in the form of an FAQ. What is the present ( as at April 9, 2015 ) position on Aud
Expulsion - Clauses
AS PER PARTNERSHIP ACT 1932Section33 EXPULSION OF A PARTNER. (1) A partner may not be expelled from a firm by any majority of the partners, save in the exercise in good faith or powers conferred by contract between the partners. (2)
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