CA. Praveen Gupta (CA ) (346 Points)
15 June 2010
purvi
(some)
(240 Points)
Replied 15 June 2010
RAKESH
(Almost CA)
(2199 Points)
Replied 15 June 2010
yes agreed with some. but i think shareholder can see the accounts of the company..........
shinoj
(ab)
(1201 Points)
Replied 15 June 2010
1-Yes CA can become chairman provided he/firm not doing extrenal audit....
2-Shareholders as well as GENERAL PUBLIC CAN see accounts of PUBLIC COMPANIES coz they r required to publish-p&l/balance sheet..for private companies there r not such obligation for publication..but still shareholders can see accounts as share of profit is divided directly proportion to profit made.....
CA Tushar Lakhanpal
(CA)
(416 Points)
Replied 16 June 2010
CA Can become chairman
AND SHAREHOLDERS HAVE THE RIGHT TO SEE THE ACCOUNTS...
Ravi Prakash
(Service)
(38 Points)
Replied 16 June 2010
Ans1:- Yes CA can be chairman of a company provided he has taken permission specifically from the institute as its full time engagement in the profession other than Accountancy, Also he can not audit the accounts of that company.
Ans 2:- No shareholders have no statutory right to see the accounts of company, Only Board of Director have such right. However Article may provide such right to shareholders.
Incase Article is silent on this matters than Shareholders may apply to C.G or Court for inspection of account provided minimum no. of members /10 orv 100 Lower.
CA Pintu Mishra
(Chartered Accountant- Industry)
(514 Points)
Replied 16 June 2010
1. yes, of course but he should have prior approval with icai. and should not adit the accounts of that company.
2.Shareholders can not see books of accounts as it will be problematic for company in case every member ask for inspection, however if majority of shareholders have doubts on doing anything wrong can apply for it, and they have right for annual report.
CA Abhiram Bharat.
(Assistant Manager Taxation)
(508 Points)
Replied 16 June 2010
.yes, an C.A. may be the member
.& at the same time he can access the books of accounts of the company during the normal working hours. but being a related party, he can not audit the concerned company.
regards-
Abhiram
CA Rahul Jain
(Job)
(148 Points)
Replied 16 June 2010
a member can not see the book of acoount until the there is seprately provison in the article
Chandan Singh
(Professional)
(270 Points)
Replied 16 June 2010
Mr. Some & Mr. Ravi Prakash is Right...
Tarun
(CA Final Student)
(89 Points)
Replied 16 June 2010
Shareholder can see the books of accounts of the Co. :-
1. If it is conferred by Law or
2. Authorised by BOD or
3. Authorised by Company in General Meeting.
purvi
(some)
(240 Points)
Replied 17 June 2010
sunil
(article)
(47 Points)
Replied 22 June 2010
can be a chairman but canot audit and shareholder can see the anual accounts in agm which should be circulated in agm but shareholder canot enter day to day transactions
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