Online CAG Empanelment of CA Firms/LLPs for Audits of PSUs

CAG Appoints CA Firms

CA firms or LLPs may apply online to get empanelled with office of CAG for appointment as auditors of Govt. Companies/ Corporations for year 2016-2017.

General Meeting Notices and Compulsory attendance by Auditors

GM Nnotice to Auditors

General meeting notices must be sent to statutory auditors who are compulsorily required to attend AGM/EGM under section 146 of Companies Act, 2013.

Penalty for not complying Sections 139-146 of Companies Act 2013

Punishment for Contravention

Company, its officers and auditor shall be punishable with imprisonment and fine for not complying provisions of sections 139-146 of Companies Act 2013.

Cost Records Audit Report of Companies by Cost Accountant

Cost Records Audit Report

Complete notes on cost records, cost audit report, appointment and remuneration of cost auditor of company under section 148 of the Companies Act 2013.

Board of Directors in Public, Private and One Person Company

Board of Directors

Appointment and Number of Individual, woman, resident and independent directors in Public, Private and One Person Company u/s 149 of Companies Act 2013.

Section 76A – Punishment for contravention of section 73 or section 76

Section 76A newly inserted by the Companies (Amendment) Act, 2015 w.e.f. 29-05-2015.

Section 79 – Section 77 to apply in certain matters

Section 79 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 93 – Return to be filed with Registrar in case promoters’ stake changes

Section 93 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 94 – Place of keeping and inspection of registers, returns, etc.

Section 94 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 95 – Registers, etc., to be evidence

Section 95 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 96 – Annual general meeting

Section 96 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 26 – Matters to be stated in prospectus

Section 26 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) dated 27-03-2014.

Section 27 – Variation in terms of contract or objects in prospectus

Section 27 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 28 – Offer of sale of shares by certain members of company

Section 28 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 52 – Application of premiums received on issue of shares

Section 52 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 53 – Prohibition on issue of shares at discount

Section 53 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 54 – Issue of sweat equity shares

Section 54 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 55 – Issue and redemption of preference shares

Section 55 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014 except sub-section (3) which shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.

Section 56 – Transfer and transmission of securities

Section 56 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 61 – Power of limited company to alter its share capital

Section 61 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014 except proviso to clause (b) of sub-section (1) which shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E)

Section 62 – Further issue of share capital

Section 62 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014 except sub-sections (4) to (6) which shall come into force on 1st June, 2016 vide Notification No. S.O. 1934(E) issued dated 01.06.2016.

Section 63 – Issue of bonus shares

Section 63 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 64 – Notice to be given to Registrar for alteration of share capital

Section 64 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

Section 67 – Restrictions on purchase by company or giving of loans by it for purchase of its shares

Section 67 shall come into force on 1st April, 2014 vide Notification No. S.O. 902(E) issued dated 27.03.2014.

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