Jayanta Bandyopadhyay (340 Points)
11 December 2024We are an unlisted public ltd co and our bulk sale is to LLP, Also owned by the same family members. However, for arm length price, we follow auction rate for 3 rd parties.
Auditors of both the entities are separate but do not mention anything about RPT. FURTHER Auditors of LLP are not giving UDIN.
IS everything correct? Please guide.
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6326 Points)
Replied 11 December 2024
The auditors of the LLP should obtain a UDIN for their audit report.
Corrective Action To ensure compliance:
2. _Auditor's report_: Request the auditors to report on the RPTs in their audit reports.
3. _UDIN requirement_: Request the auditors of the LLP to obtain a UDIN for their audit report.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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