This slideshare contains all the provision of CARO 2015 which is applicable from 10th of April 2015.
Further relevant extract from Companies Act 2013 has been made.
This slideshare contains all the provision of CARO 2015 which is applicable from 10th of April 2015.
Further relevant extract from Companies Act 2013 has been made.
Overview of Companies (Auditor’s Report) Order 2020
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,PART II, SECTION 3, SUB-SECTION (ii)]MINISTRY OF CORPORATE AFFAIRS
CONTENTS
1) BACKGROUND OF SECTION 143 OF COMPANIES ACT 2013
2) REQUIREMENT OF CARO
3) NON APPLICABILITY OF CARO 2020 TO CERTAIN COMPANIES
3) MATTERS TO BE INCLUDED IN THE AUDITORS REPORT
4) DESCRIPTION OF EACH PARAGRAPH TO BE INCLUDED IN CARO 2020
It is all about CARO 2016 in detailed observations and it is compared with CARO 2015 and this contains how to report for each clause in caro, thank u in advance for seeing this.
Key Takeaways:
Enhanced reporting requirements in CARO, 2020
Significant changes in CARO, 2020
Matters specified in Auditor's report
Comparison between CARO, 2020 and CARO, 2016
Key Takeaways:
Important MCA updates announced in 2020
Special measures taken by MCA in view of COVID-19 outbreak
Introduction of CARO 2020
Relaxation of norms for conducting meetings
Key Takeaways:
Appointment of auditors under Singapore Companies Act
Exemption from auditors' appointment
Powers and duties of auditors
Remuneration of auditors
Resignation and removal of auditors
How to Begin Secretarial Audit (Compliance of All Applicable Law )Pavan Kumar Vijay
My Presentation at ICSI on 13/03/2015- "How to Begin- Secretarial Audit".
Secretarial Audit is a process to check compliance with –
• the provisions of various laws and Rules/Regulations/Procedures,
• maintenance of books, records etc,
• by an independent professional to ensure that the company has complied with the legal and procedural requirements and also followed due processes.
• the Board of Directors has to give explanation in the Board’s Report to every qualification and observation or other adverse remark made by the Secretarial Auditor.
•So we can say that the Board of Directors has to ensure that there should be a system in the company through which Compliance Officer can Control on all compliances under all applicable Laws.
Read more...
Companies Act, 2013-Presentation on Accounts & AuditSASPARTNERS
A detailed presentation prepared by SAS Partners Team, Chennai which gives an insight to the important provisions on Chapter IX - Accounts & Audit under Companies Act, 2013. This can be used by the Corporates, Professionals and Students as a ready reckoner for better understanding of the provisions and easy reference.
Overview of Companies (Auditor’s Report) Order 2020
TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,PART II, SECTION 3, SUB-SECTION (ii)]MINISTRY OF CORPORATE AFFAIRS
CONTENTS
1) BACKGROUND OF SECTION 143 OF COMPANIES ACT 2013
2) REQUIREMENT OF CARO
3) NON APPLICABILITY OF CARO 2020 TO CERTAIN COMPANIES
3) MATTERS TO BE INCLUDED IN THE AUDITORS REPORT
4) DESCRIPTION OF EACH PARAGRAPH TO BE INCLUDED IN CARO 2020
It is all about CARO 2016 in detailed observations and it is compared with CARO 2015 and this contains how to report for each clause in caro, thank u in advance for seeing this.
Key Takeaways:
Enhanced reporting requirements in CARO, 2020
Significant changes in CARO, 2020
Matters specified in Auditor's report
Comparison between CARO, 2020 and CARO, 2016
Key Takeaways:
Important MCA updates announced in 2020
Special measures taken by MCA in view of COVID-19 outbreak
Introduction of CARO 2020
Relaxation of norms for conducting meetings
Key Takeaways:
Appointment of auditors under Singapore Companies Act
Exemption from auditors' appointment
Powers and duties of auditors
Remuneration of auditors
Resignation and removal of auditors
How to Begin Secretarial Audit (Compliance of All Applicable Law )Pavan Kumar Vijay
My Presentation at ICSI on 13/03/2015- "How to Begin- Secretarial Audit".
Secretarial Audit is a process to check compliance with –
• the provisions of various laws and Rules/Regulations/Procedures,
• maintenance of books, records etc,
• by an independent professional to ensure that the company has complied with the legal and procedural requirements and also followed due processes.
• the Board of Directors has to give explanation in the Board’s Report to every qualification and observation or other adverse remark made by the Secretarial Auditor.
•So we can say that the Board of Directors has to ensure that there should be a system in the company through which Compliance Officer can Control on all compliances under all applicable Laws.
Read more...
Companies Act, 2013-Presentation on Accounts & AuditSASPARTNERS
A detailed presentation prepared by SAS Partners Team, Chennai which gives an insight to the important provisions on Chapter IX - Accounts & Audit under Companies Act, 2013. This can be used by the Corporates, Professionals and Students as a ready reckoner for better understanding of the provisions and easy reference.
Form MGT-8 is a certification given on a company’s annual return by a practising company
secretary, as per the Companies Act 2013, under Section 92(2).
Powers and Restrictions for companies to make Inter-Corporate Loans or Investments as per the provisions of Section 186 of the Companies Act, 2013 read with Rules 11 to 13 of Companies (Meeting of Board and its Powers) Rules, 2014
The concept of Dormant Company is introduced under section 455 of the Companies Act, 2013 read with The Companies (Miscellaneous) Rules, 2014 and came into effect from 1st April, 2014. Basically it’s the status of company which is becomes dormant.
Dormant company in general means temporarily inactive. As per provision of Companies Act, 2013 any company can apply for dormant status of the company by making application to Registrar, if it fulfils the required conditions.
Format of caro 2020
Annexure to the independent auditor’s report of even date to the members of xyz private limited, on the financial statements for the year ended 31st march 2022
Listed companies,
Companies delisted due to non-compliance,
Vanishing companies,
Companies under inspection and investigation,
Notice issued by RoC / Inspector and pending for reply under S.206 or S.207,
Similar to Caro 2015 presented by Kishan Keshri (20)
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
4. CARO – 2003
As per Sec 227 (4A)
Companies Act, 1956
(Reporting on 21 points)
Supersession
(C.G after consultation with
ICAI)
CARO – 2015
As per Sec 143 (11)
Companies Act, 2013
(Reporting on 12 points)
5.
6.
7.
8. Any company or Body Corporate
incorporated outside India which :-
Has a place of business in India
whether by itself or through an agent,
physically or through electronic mode;
Conduct any business activity in
India in any other manner
9. Banking
Company
• Defined in
Sec.5(c) of
Banking
Regulation
Act, 1949
Insurance
Company
• Defined in
Sec. 4 of
Insurance
Act, 1938
Section 8
• Company
Licensed to
operate as
per
Companies
Act,2013
One Person
Company*
• Defined in
Sec. 2 (62)
Small
Company*
• Defined in
Sec. 2 (85)
10. As per clause (62) of Section 2
O.P.C means a Company which has only one
person as a member
11. As per clause (85) of Section 2 Small
Company means a Company other then a
public company :-
Paid-up Share capital not exceed ‘50 Lacs /
such higher amount as may be prescribed
which shall not be more then ‘5 Crores
Turnover of which as per its last P&L A/c
does not exceed ‘2 Crores / such higher
amount which shall not be more then ‘20 Cr.
12. Provided that nothing in this clause shall
apply to:-
A Holding Company or a Subsidiary
Company;
A Company registered Under Section 8;
A Company or Body Corporate governed by
any Specific Act
13. Every Report
made by an
Auditor
under
Section 143
of the
Companies
Act, 2013
On the
accounts of
every
company
examined by
him
Order
applies for
the Financial
year
commencing
on or after
1st April,2014
14. A. Fixed Assets
B. Inventory
C. Granted Loan
D. Internal
Control System
H.Accumulated
&Incurred Cash
Losses
G. Deposit
Of
Statutory Dues
F. Maintenance
Of
Cost Record
E. Accepted
Deposit’s
I. Default in
Repayment Of
Dues
J. Given Any
Guarantee For
Loan
K. Term Loan
L. Frauds
15. A. Fixed Assets :-
Maintaining
proper
records
showing full
particulars
Includes
Quantitative
details &
situation of
Fixed Assets
Physical
Verification by
Management
Material
Discrepancies‘
Properly Dealt
16. B. Inventory :-
Physical
Verification by
Management
Inadequacies
should be
Reported
Maintaining
proper
records
showing full
particulars
Material
Discrepancies‘
noticed on
Physical
Verification
properly Dealt
in Book of
Account’s
17. C. Granted Loans :-
Granting
any Loans
(Secured or
Un-Secured)
to
Company,
Firm or
other
parties
Covered in
the register
maintained
under
Section 189
of the
Companies
Act,2013
Regular
Receipt of
Principal &
Interest
Amount
Overdue
Amount > 1
Lack
Reasonable
steps for
recovery
Principal &
Interest
Amount
18. D. Internal Control
System :-
Is there an
adequate
Internal
Control
System :-
*Size of
Company;
*Nature of
Business
Purchase of
Inventory &
Fixed Assets
& Sale of
Good’s &
Services
Continuing
Failure to
correct
major
Weaknesses
19. E. Accepted
Deposits:-
In case
company has
accepted
deposit’s
As per
Directive
issued by the
R.B.I
Provisions of
Section 73 to
76 or any
other
relevant of
the
Companies
Act,2013
If Not, nature
of
contravention
should be
stated
20. F. Maintenance
of Cost Record’s:-
Specified by
the Central
Government
Under Sub-
Sec. (1) of
Sec. 148 of
Companies
Act
Whether
such
accounts &
Record’s
have been
made &
maintained
21. G. Deposit of
Statutory Dues:-
Regular
Depositing
Undistributed
Statutory
Dues
If, Not
Extent of the
arrears of
Outstanding at
the last day of
the Financial
year, Concerned
for a period of
<6 Months
23. • Dispute is pending shall be
mentioned
• A mere representation not
constitute a Dispute
Dues not
been
Deposited
• Investor Education and
Protection Fund
• Relevant Provision of the
Companies Act and rules made
there under transferred within
time
Amount
Transferred
24. H. Accumulated &
incurred cash losses:-
Registration <
5 Year’s
Accumulated
Loss > 50% of
Net Worth
Incurred Cash
Losses (in
such Financial
Year &
Immediately
preceding
financial year)
25. I. Defaulted in
Repayment of Dues:-
Due’s from
financial
institution
/ Bank /
Debenture
Holder’s.
Yes
Period &
Amount of
Default
Report
26. J. Given Any Guarantee
for Loan’s: -
Loan’s taken
by other’s
From Bank
or Financial
Institution
Terms &
Condition
are
Prejudicial to
the interest
of the
Company
27. K. Term Loans: -
Whether
Term
Loans
Applied
for the
purpose
For
which
loans
were
Obtained
28. L. Fraud : -
Any Fraud
on or by
the
company
noticed or
reported
If, Yes
Nature &
the
amount
involved is
to be
indicated