Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Companies (Auditor s Report) Order 2015

Companies (Auditor s Report) Order, 2015 - Companies Law - File No. 17/45/2015-CL-V - Dated:- 10-4-2015 - Superseded vide F. No. 17/45/2015-CL-V - Dated 29-3-2016 [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS Order New Delhi, the 10th April, 2015 S. O. 990 (E).- In exercise of the powers conferred by sub-section (11) of section 143 of the Companies Act, 2013 ( 18 of 2013 ) and in supersession of the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ion and commencement. - (1) This order may be called the Companies (Auditor's Report) Order, 2015. (2) It shall apply to every company including a foreign company as defined in clause (42) of section 2 of the Companies Act, 2013 (18 of 2013) [hereinafter referred to as the Companies Act], except - (i) a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); (ii) an insurance company as defined under the Insurance Act, 1938 (4 of 1938); (iii) a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

s five crore at any point of time during the financial year. (3) It shall come into force on the date of its publication in the Official Gazette. 2. Auditor's report to contain matters specified in paragraphs 3 and 4. - Every report made by the auditor under section 143 of the Companies Act, on the accounts of every company examined by him to which this Order applies for the financial year commencing on or after 1st April, 2014, shall contain the matters specified in paragraphs 3 and 4. 3. M .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

verification and if so, whether the same have been properly dealt with in the books of account; (ii) (a) whether physical verification of inventory has been conducted at reasonable intervals by the management; (b) are the procedures of physical verification of inventory followed by the management reasonable and adequate in relation to the size of the company and the nature of its business. If not, the inadequacies in such procedures should be reported; (c) whether the company is maintaining pro .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

akh, whether reasonable steps have been taken by the company for recovery of the principal and interest; (iv) is there an adequate internal control system commensurate with the size of the company and the nature of its business, for the purchase of inventory and fixed assets and for the sale of goods and services. Whether there is a continuing failure to correct major weaknesses in internal control system. (v) in case the company has accepted deposits, whether the directives issued by the Reserv .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

entral Government under sub-section (1) of section 148 of the Companies Act, whether such accounts and records have been made and maintained; (vii) (a) is the company regular in depositing undisputed statutory dues including provident fund, employees' state insurance, income-tax, sales-tax, wealth tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues with the appropriate authorities and if not, the extent of the arrears of outstanding statutory .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version