comfor
Joined: 17 Jun 2013
Posts: 18
|
 Posted: Fri Jul 26, 2013 11:51 am Post subject: Audit underneath corporations Act |
 |
|
Requirement underneath corporations Act, 1956
Every company registered in Asian nation is needed to urge its accounts audited by a active accountant. Section 224 (1) of the businesses Act, 1956 states that each company, whether or not it\'s public or personal, shall have Associate in Nursing auditor to audit its accounts.
This audit is named statutory audit and thru it the businesses Act ensures that the persons carrying on business with others cash ar responsible to them.
Appointment of Auditors
The appointment of auditor is obligatory within the Annual General Meeting for the subsequent year. The auditors appointed at the Annual General Meeting hold the workplace from the conclusion of the Annual General Meeting at that he\'s appointed till the conclusion of subsequent Annual General Meeting. Thus, the Act seeks to confirm that the appointment of auditors isn\'t within the hands of the administrators and is unconditional within the general body of shareholders.
Company Formation Services | Foreign Company Registration | Private Limited Company |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
