An individual shall be eligible for appointment as company auditor only when such individual is a qualified chartered accountant in practice. If a company has decided to appoint an audit firm as company’s auditor then majority of partners must be practicing chartered accountants in India. Earlier provision of companies act 1956 required all the partners to be chartered … [Read more...] about Qualification or disqualification of company auditor – section 141 of companies act 2013
companies act 2013
Appointment of Company auditor – Section 139 of New Companies act 2013
Company auditor appointment procedure and tenure has been changed in companies act 2013 compare to the old provisions of companies act 1956. In this article, we will be discussing how to appoint company auditor in an annual general meeting and tenure of such appointment. If you want to know how first auditor is appointed under companies act 2013 and its time period then … [Read more...] about Appointment of Company auditor – Section 139 of New Companies act 2013
Rotation of company auditors – New provision in companies act 2013
New companies act 2013, has mandated rotation of individual auditor, audit firm and audit partner for all listed companies and certain private and unlisted public companies. In this article we will be discussing applicability of rotation of company auditor and other provisions related to it. As per the new companies act 2013, following companies are compulsorily … [Read more...] about Rotation of company auditors – New provision in companies act 2013
How to get Director Identification Number or DIN
A company can't appoint or re-appointment an individual as director unless he has been allotted a director identification number or DIN from the government. You are required to compulsorily quote your director identification number in each e-form filed with the registrar of companies and in all such documents that you sign as a director. As per section 153 of companies act, … [Read more...] about How to get Director Identification Number or DIN