MEANING OF AUDIT DOCUMENTATION Audit documentation is the process of Collecting, Recording & Preparing Working Papers. It is the record of Audit Procedures performed, Test of Controls adopted, Substantive Procedures performed, Audit Evidence obtained (Oral/ Visual/ Documentary) & Conclusions are drawn as a...
In this article, we will discuss winding Up of Companies under Companies Act, 2013 in detail. In Indian Bankruptcy Code a corporate debtor can get liquidated if corporate insolvency resolution process (CIRP) results in negative on a petition filed by- Financial Creditor (FC)Operational Creditors...
Eligibility & Qualifications of Independent Directors Section 149(6) of the Companies Act, 2013- Eligibility & Qualifications of Independent Directors An independent director in relation to a company, means a director other than a managing director or a whole-time director or a...
In this article Compliances For Appointment Of Independent Directors has been explained in details. Rule 6 of The Companies (Qualifications & Appointment of Independent Directors) Rules, 2014 (1) Every individual – (a) who has been appointed...
Section 167 (1) (b): Vacation of office of director due to non-attendance in Board Meetings Section 167 of the Act of 2013 (CA 13) which came into force w.e.f. 1st April 2014 correspondence to Section 283 of the erstwhile Companies Act of 1956...
In order to facilitate Indian Companies to make a Fresh Start on a clean slate, the Ministry of Corporate Affairs has come up with a scheme in its circular dated 24-03-2020 as a relief measure in COVID-19 Pandemic to assist the Companies to complete the Pending compliances...
Rule 25A Active Company Tagging Identities and Verification (ACTIVE) of The Companies (Incorporation) Rules, 2014 E form : INC 22A Analysis of Section 12 Registered office of the Company Section 12 (1) : Having...