National Financial Reporting Authority - Established under Sec 132 of companies act 2013. Its powers and function explained. Useful for CA Final Audit and Law
National financial reporting authority - ca inter , cma courseTakshila Learning
National Financial Reporting Authority - The NFRA is an authority formed under Section 132 of the Companies Act, 2013 It became functional on October 1, 2018, after an approved proposal in March 2018
National Financial Reporting Authority - Established under Sec 132 of companies act 2013. Its powers and function explained. Useful for CA Final Audit and Law
National financial reporting authority - ca inter , cma courseTakshila Learning
National Financial Reporting Authority - The NFRA is an authority formed under Section 132 of the Companies Act, 2013 It became functional on October 1, 2018, after an approved proposal in March 2018
Here, LegalDelight present its new PPT on the topic of Appointment of Statutory Auditor. Under this PPT, a reader would get to know about the What is Appointment of Auditor, Appointment of First Auditor, Appointment of Subsequent Auditor, Term of Auditor, Pre Conditions for Appointment of Auditor, Qualification of Auditor, Disqualification of Auditor, Role of Audit Committee, and Forms to be filed for Appointment of Auditor.
‘Secretarial Audit’ is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc.
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
OBJECTIVE
Winding up is the final stage in the business cycle of a Company. It is the process of closing down the legal existence of a Company. It can be done either by the Company on its own (voluntary winding up) or by an order passed by the Tribunal (compulsory winding up). Provisions under Companies Act, 2013 with respect to voluntary winding up are omitted and shifted to Insolvency and Bankruptcy Code, 2016 (“the Code”). The webinar covers the aspects of provisions involved in voluntary winding up as enshrined under the Code read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.
Here, LegalDelight present its new PPT on the topic of Appointment of Statutory Auditor. Under this PPT, a reader would get to know about the What is Appointment of Auditor, Appointment of First Auditor, Appointment of Subsequent Auditor, Term of Auditor, Pre Conditions for Appointment of Auditor, Qualification of Auditor, Disqualification of Auditor, Role of Audit Committee, and Forms to be filed for Appointment of Auditor.
‘Secretarial Audit’ is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc.
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
OBJECTIVE
Winding up is the final stage in the business cycle of a Company. It is the process of closing down the legal existence of a Company. It can be done either by the Company on its own (voluntary winding up) or by an order passed by the Tribunal (compulsory winding up). Provisions under Companies Act, 2013 with respect to voluntary winding up are omitted and shifted to Insolvency and Bankruptcy Code, 2016 (“the Code”). The webinar covers the aspects of provisions involved in voluntary winding up as enshrined under the Code read with Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.
Companies Act 2013 AOC 4 - Presented to Institute of Company Secretaries Of ...SAS Partners
Definition of Financial Statement
Definition of financial year.
Books of Accounts etc., to be kept by the company.
Financial Statement
Central Government to prescribe Accounting Standards
Financial Statement, Board’s report, etc.,
Corporate Social Responsibility
Right of members to copies of financial statements.
Copy of financial statement to filed with the Registrar
Powers of the Board.
Compounding of offence – u/s 92 (5), Not yet enforced
Section 621A of the Companies Act, 1956.
Punishment for fraud
Punishment for false statement.
Inactive and Dormant Company
Every company has to mandatorily appoint statutory auditors for examining the true and fair view of the financial statements and to express an opinion on such financial statements. Apart from statutory auditors, there are other types of auditors to be appointed for monitoring the statutory compliances, risk / fraud management system, internal control system and for reviewing the overall performance of the management and various functions in an organisation. The webinar covers the aspects of provisions relating to appointment of statutory auditors/ internal auditors, qualification and eligibility criteria for appointment, statutory compliances and judicial precedents.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
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2. How to leverage your testimonials to boost your sales 💲
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Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
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𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
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At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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LLP Registration Audit requirements in India | Corpstore
1.
2. FEATURES OF LLP AUDIT
The auditor is a person who makes a unique annual report or audit to the
partners of LLP registration regardless of whether the annual account
prepared to advance in accordance with the act. The report of annual audit
emulates a true and fair view of its state of affairs and the loss & profit for
the year. The audit incorporates the accounts of LLP.
The exclusion from Audit as per the LLP Rule 2009.
Rule 24(8) states that the LLP may immune from the audits of its account
when the following situation arises.
Its turnover should not exceed 40 Lakh Rs
Or its contribution does not overcome Rs. 25 Lakh.
3. AUDIT REQUIREMENTS
The limited liability partnership may entitle to the above criteria from audit only if its
account contains a statement of its partners regarding their liabilities with respect to
Rule 24. This rule may prepare the books of accounts and certificate in e-Form 8.
Additionally, even after the availability of exemption from audit, if the partners willing
to get the accounts of LLP audited. These audits may complete in accordance with the
concern of such rules.
Section 34(4) also involves the removal from the audit.
If any class or classes have to remove from the audit of limited liability partnership,
then the central government also announce through notifications in the official
Gazette.
4. OTHER REQUIREMENTS OF LLP REGISTRATION
AUDIT
If an auditor is appointed by the end of the financial year, any auditor immediately before
the corresponding time is deemed to re-appointed, unless:
The actual re-appointment required by the limited liability partnership agreement.
Most of the LLP has determined that he should not re-appoint and have given a notice to
the effect to the LLP.
The notice specified in the above
Should be in hard copy or electronic format
Must authenticating by the person who gave it.
Compensation of Auditor: the payment of the auditor appointed by the partners
of LLP may be fixed or by following procedures are laid down in the limited liability
partnership agreement.
5. AUDITORS REPORT
The auditor duties include checking of accounts and accounting record of the LLP and
prepare a report. That report must include,
The introduction identifying the accounts that were the subject of the audit and the financial
framework that is applied in their preparations.
To describe the scope of the audit identifying the accounting standards used in the audit.
A statement in accordance with the financial reporting framework, give a true and fair view
of the LLP’s financial affairs.
The report may be qualified or unqualified but it must contain a reference to which the
auditors wish to draw attention without qualifying the report.
6. AUDITOR APPOINTING AUTHORITY
Rule 24(11) states that the designated partners may appoint an auditor or auditors.
Before and after the last date of the financial year.
At least 30 days prior to the end of the financial year.
To fill the vacancy in the auditor office when the turnover exceeds 40lakhs and
contribution moreover 25lakhs.
To puff up the vacancy caused by the removal of an auditor.
The completion of the appointment: in every financial year the auditor or auditors are
appointing and the appointment must be made before 30 days of the end of the
financial year. In the case of the first financial year of an LLP, the auditor can appoint
at any time before the end of the financial year.
7. QUALIFICATION OF AN AUDITOR:
The person who is a charted accountant is qualified to appoint as an auditor of
an LLP.
Auditor appointment Period: In each financial year of the LLP an auditor or
auditors may appoint unless the LLP is removing from the provision of the
audit.
Terms and condition of an Auditor: the auditors or auditor may hold in the
office in regards with the terms of their appointment, and may continue to
hold company till the period the new conditions are appointed or till
reappointed.
8. Resignation by Auditor:
The auditor of LLP may resign from
the office by wringing a letter to
the LLP. The notice is connected
with all the records with his
terminating to hold office. In case
if the auditor is unwilling to
reappointed, he can write a letter
to the LLP office before 14 days
of the selection of the new
auditor. The letter must state the
prior reason for his unwilling for
reappointment.
Inspection of documents from the registrar.
Section 36 talks about the members of the
public, the inspection rights and the
documents required for the filing with the
registrar. Rule 26 of the LLP, the
documents kept by the registrar may
available in the electronic registry for
public access. The certified copy also
mentioned in Annexure A.
REMOVAL OF THE AUDITOR OF THE AUDIT
BY LLP REGISTRATION:
9. INSPECTION OF DOCUMENTS FROM THE
REGISTRAR.
Unlike in the case of companies, the LLP provision may restrict the right to
inspect documents to document filed by the LLP. These are
Document of Incorporation
Names of partners and changes if any
Statements of account and wealth
10. ANNUAL RETURN
Apart from these documents the provision does not allow empower the public to
inspect any other documents. Along with many other documents, Form 3
which contain specific agreements that is not open for public inspection.
The registrar can call and get any data from any LLP.
The minute book should maintain to record all the minutes of the meeting of
partners and committee of partners.
11. ADMISSION OF LLP PETITION AND DIRECTIONS
AS TO ADVERTISEMENT.
When the filing of the petition, it may postes before the member in spaces for
the registration of the petition and fixing a date for hearing and for
directions as to advertisement to be published upon the person whom copies
of the petition are to be served.
If the member may think fit then the direct notice may give to LLP before
giving the directions as to the advertisement of the petition.
12. APPLICATION FOR LEAVE TO WITHDRAW THE
LLP PETITION
The petition for winding up should not withdraw after presentation without the
leave of court.
The application for leave a petition has been advertising in Rule 87 and fixed in
the advertisement for the hearing of the petition.
Substitution of creditor partner for original receiver
Where a petitioner,
Is not entitle to present a petition
13. CONCLUSION
If you want to incorporate your firm as an LLP in Coimbatore, you can warmly
welcome to Corpstore. LLP Registration is a simple task. The liabilities of
each partner is different and no one is responsible for each other’s faults. LLP
can get registered within 7 days. We serve a hassle-free registration service
at an affordable cost. We are also providing ISO Certifications, Secretarial
services, Trademark registration, etc at predictable time zone.