Tag: companies act update

Long-term borrowings are a crucial component of a company's balance sheet, representing obligations that are due beyond one year from ...

Auditing share application money pending allotment involves a thorough examination of authorization, receipt, accounting treatment, allotment, refund processes, and disclosures.

Money received against share warrants is a significant item in the balance sheet of an Indian company. This refers to ...

Reserves and Surplus represent the accumulated profits and funds set aside for specific purposes and are crucial indicators of a ...

Auditing share capital involves a comprehensive review of records, compliance with legal requirements, and ensuring financial transparency.

Statutory audits involve multiple stakeholders, each with distinct roles and responsibilities. Understanding these roles is crucial for ensuring the effectiveness ...

The primary objectives of statutory audits revolve around ensuring the reliability and accuracy of financial statements, enhancing transparency, and fostering ...

Sections 143 to 147 delineate the duties, responsibilities, and liabilities of auditors, outlining their obligations to report on financial statements, ...

They're not just about following rules but about honesty and trustworthiness. In the upcoming parts of this series, we'll delve ...

Two primary issues faced by the companies holding inventories, in relation to financial statements preparation are: Cost to be recognized ...

The prime motive of introducing the provisions under Section 144 of the Companies Act, 2013, is apparently to ensure the ...

MCA has vide notification Dt. 31.03.2022 extended the due date for submitting Form CSR-2 till 31.05.2022 from existing due date ...

Now, MCA has vide notification Dt. 31.03.2022 extended the due date to use Accounting Software with Audit Trail from 01.04.2022 ...

Now, MCA has introduced a new requirement for all companies to file Form CSR-2 to provide information about the CSR ...

Question No. 1 - Do you think that Micro, Small and Medium Companies (MSMCs) depending upon some criteria and threshold ...