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Voluntary Revision of Financial Statements or Board’s Report
Tribunal shall give notice to the Central Government and the Income tax authorities and shall take into consideration the representations, if any, made by that Government or the authorities before passing any order under this section
Audits,Scrutiny and Assessments,Accounting
Re-opening of Accounts on Court’s or Tribunal’s Orders
A company shall not re-open its books of account and not recast its financial statements, unless an application in this regard is made by the Central Government, the Income-tax authorities, the Securities and Exchange Board, any other statutory regulatory body or authority or any person concerned and an order is made by a court of competent jurisdiction or the Tribunal
Audits,Scrutiny and Assessments,Accounting
Statutory Registers required to be kept & maintained under Section 88 of Companies Act, 2013
Statutory Registers required to be kept & maintained under Section 88
Audits,Consultancy,Accounting
Manner of Books of Account to be Kept in Electronic Mode
Every company shall prepare and keep at its registered office books of account and other relevant books and papers and financial statement for every financial year which give a true and fair view of the state of the affairs of the company, including that of its branch office or offices, if any, and explain the transactions effected both at the registered office and its branches and such books shall be kept on accrual basis and according to the double entry system of accounting:
Audits,Consultancy,Accounting
Corporate Social Responsibility
Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during [the immediately preceding financial year] shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director.
Tips for Business Owners,Tips For Professionals,Consultancy
Constitution of National Financial Reporting Authority
The Central Government may, by notification, constitute a National Financial Reporting Authority to provide for matters relating to accounting and auditing standards under this Act.
Consultancy,Income Tax,Accounting
Powers and Duties of Auditors and Auditing Standards
Every auditor of a company shall have a right of access at all times to the books of account and vouchers of the company, whether kept at the registered office of the company or at any other place and shall be entitled to require from the officers of the company such information and explanation as he may consider necessary for the performance of his duties as auditor
Tips for Business Owners,Tips For Professionals,Accounting
Investor Education and Protection Fund-Complete Overview
Investor Education and Protection Fund-Complete Overview- (1) The Central Government shall establish a Fund to be called the Investor Education and Protection Fund (herein referred to as the Fund).
Tips For Professionals,PF and ESIC and PT,Insurance
LABOUR LAW REFORMS
Indian policymakers seem to have realized the importance of manufacturing in providing jobs but it is also equally important to realize that the path leading to higher manufacturing employment has to necessarily cross a difficult bridge called labour reforms. Labour laws in India are perceived by trade and industry circles as complex, archaic and not conducive to promoting the interests of the industry. Some of the labour laws are both enacted and enforced by the Centre; in respect of some others, Centre enacts the law while implementation is done by both the centre and the states. Besides, there are labour laws which are enacted by the centre but are administered by the states.
Tips For Professionals,PF and ESIC and PT,FEMA
AGM EXTENSION 2020 – MCA Clarification for the FY 31.03.2020
MCA vide General Circular no. 28/ 2020 dated 17th August 2020 has issued Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013.
Tips For Professionals,Consultancy

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