TMI BlogMatters to be included in the auditor's report.X X X X Extracts X X X X X X X X Extracts X X X X ..... her the company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets; (b) whether these fixed assets have been physically verified by the management at reasonable intervals; whether any material discrepancies were noticed on such verification and if so, whether the same have been properly dealt with in the books of account ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (a) whether receipt of the principal amount and interest are also regular; and (b) if overdue amount is more than rupees one lakh, 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 aut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er has been transferred to such fund within time. (viii) whether in case of a company which has been registered for a period not less than five years, its accumulated losses at. the end of the financial year are not less than fifty per cent of its net worth and whether it has incurred cash losses in such financial year and in the immediately preceding financial year; (ix) whether the compan ..... X X X X Extracts X X X X X X X X Extracts X X X X
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