Showing posts with label Company Auditor Under Section 139. Show all posts
Showing posts with label Company Auditor Under Section 139. Show all posts

Saturday, December 20, 2014

Liquidator Appointment Under Section 310 of A Company

  1. The company liquidator had to be appointed from the panel prepared by the central government.
  2. 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.
  3. Now only one company liquidator shall be appointed as opposed to the Companies Act, 1956 where more than one can be appointed.
  4. 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.
  5. 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.
  6. The company in its AGM meeting shall fix the remuneration if any, to be paid to the liquidator or liquidators.
  7. 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.
  8. 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.
  9. 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.

Monday, December 15, 2014

Appointment of Company Auditor Under Section 139 in Form ADT-1

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.