Showing posts with label
Company Auditor Under Section 139.
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Showing posts with label
Company Auditor Under Section 139.
Show all posts
- The company liquidator had to be appointed from the panel prepared by the central government.
- Now
on appointment as Company Liquidator, such liquidator has to file a
declaration in the prescribed from within 7 days of the date of
appointment disclosing conflict of interest or lack of independence in
respect of his appointment, if any, with the company and the creditors
and such obligation shall continue throughout the term of his or its
appointment.
- Now only one company liquidator shall be appointed as opposed to the Companies Act, 1956 where more than one can be appointed.
- The
creditor shall in both the cases where they approve the liquidator
appointed by the members or while appointing their own liquidator shall
fix remuneration.
- The
power given to director or member to file an application before the
Tribunal that liquidator appointment by creditor should be appointed or
some person to be appointed as liquidator has been dispensed with.
- The company in its AGM meeting shall fix the remuneration if any, to be paid to the liquidator or liquidators.
- The
provision that any remuneration so fixed shall not be increased in any
circumstances whatever, whether with or without the sanction of the
Tribunal has been dispensed with.
- The
provision that till the time the remuneration of the liquidator or
liquidators is not fixed he shall not take change of his office has been
dispensed with.
- The
provision doesn’t specifies what will be the course of action if
creditor neither appoints their own liquidator nor approve the
liquidator appointed by the member.
Besides company liquidation Due Diligence Financial Services provides Company registration in Delhi
NCR including Gurgaon Ghaziabad Noida Uttar Pradesh Bihar Patna Deoghar
Dhanbad Ranchi Jharkhand etc. We provides Company consultancy services
in terms of Book Keeping VAT Services ITR Filing Services Import Export
services Fixed Assets Tagging Services XBRL consultancy services
including Company registration Consultant in Delhi NCR includes Deoghar
Bihar Jharkhand Ranchi Gurgaon Ghaziabad Uttar Pradesh Noida etc.
- Every Company to appoint a firm or an individual as an
Statutory auditor at its first annual general meeting (AGM), Who shall hold
office from the conclusion of that meeting till the conclusion of its 6th
Annual General Meeting (AGM) and thereafter till conclusion of every 6th
meeting and such appointment of auditor should be filed with Ministry of
Corporate Affairs in From ADT-1 and Form ADT-1 need to file with 15 days from
the date of such appointment.
- The company shall place the matter relating to such
appointment for ratification by members at every annual general meeting. So, the Auditor will be appointment every year
by the shareholders.
- The Board shall take into consideration, the
qualification and experience of the person proposed for appointment as
auditor. Where a company has constituted
an audit committee, the audit committee shall recommend the name of an
individual or a firm as auditor or recommend the same to members in the AGM for
appointment.
- Where a company has constituted an Audit Committee,
the committee, or in cases where such a committee is not required to be
constituted, the Board, shall consider the qualification etc of the Board as
the case may be, shall recommend the name of an The committee or the Board as
the case may be, shall recommendation and appointment individual or firm as
auditor to the Board. Process of recommendation and appointment in an AGM also
provided.
- The Auditor will be required to give a certificate
that he is duly qualified to be appointment as the Auditor of the Company .The
proposed appointment shall be within the term allowed and the limits laid down
in the Act.
Due Diligence Financial Services not only involve in
Company registration in Delhi or Deoghar Ranchi Noida Faridabad including Patna
Dhanbad Ghaziabad Gurgaon. We provides services of Corporate Business Consultant
or Company Registration Consultant in Delhi or Gurgaon Deoghar Patna Bihar
Jharkhand Dhanbad Noida Ghaziabad start from Company Formation and end with
Company Winding up.