How To Name Your Business?
Deciding a good name for the business is vitally important and challenging at the same place. There are several other factors which need to be ...Read More
Statutory Audit is Audit of Books of Accounts in compliance with requirements of any Statute to assure true and fair view of the accounts as well as compliance with any special condition of the law under which audit is initiated. In short, statutory audit is Audit under the Companies Act. Accounts of every company integrated under the companies act in India are needed to get it audited from a Chartered Accountant in Practice to assure true and fair view of its accounts & interrelated statements. Further, the auditor has to check compliance with various regulations & provisions of the Companies Act. Statutory Audit assures reliability of annual accounts of the company for various stakeholders of Accounts of the Company like government, shareholders, debtors, creditors, bankers etc.
The complication of Statutory Audit Function has increased manifolds recently. Globalization, complex Business and Statutory environment combined with need for synchronization with various global accounting standards and ever increasing faith on audited accounts by a variety of stakeholders has put ever increasing answerability on the shoulders of any statutory auditor.
Our statutory audit team consists of ever developing & updated set of adequate individuals trained broadly for conducting auditing function. Our auditing team is trained on the ever changing statutory requirements to stay ahead of the loop. Our statutory audit department is geared to conduct audit under relevant statute along with complying with various global accounting & auditing standards to assure usability of audited accounts for most of the stakeholders like financial institutions, shareholders, directors, investors, government, bank and general public at large.
For any information / query regarding Statutory Audit feel free to contact us.
Private Limited Companies are those types of companies where minimum number of members is two and maximum number is two hundred. A private limited company has the limited liability of members but at the same time it has many characteristics as those of a partnership firm. A private limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greater stability and legal entity. In this sense, a private limited company stands between partnership and widely owned public company. Identifying marks of a private limited company are name, number of members, shares, formation, management, directors and meetings, etc., The maximum number of directors shall have to be mentioned in the Articles of Association. In the grand of privileges and exemptions, the Companies Act has drawn a distinction between an independent private company and other private company which is a subsidiary to the other public company.
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Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.
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