Section 111 of Companies Act, 1956 Section 111(4) of the 1956 Act corresponds to sub-section (1) of s. 59 of the 2013 Act. As stated earlier, s. 111(4) was applicable only to private companies, however, section 59 is applicable to Read More
Liabilities of an Auditor – Company Registration in Bangalore
Factors that count towards liabilities Picking up the points from the cases considered above and others, NEILL LJ has listed the following factors to be considered in fixing this liabilities: The factors to be considered in determining whether the maker Read More
Rights and Duties of the Auditors – Company Registration in Bangalore
Rights and Duties of the Auditor – Introduction Section 143(1) which specifies rights and duties of auditors and auditing standards is applicable to all the companies alike, whether public or private. Sub-section (1) of section 128 provides that the books Read More
Loans and Investments by Company – Company Registration in Bangalore
Loans and Investments by Company Section 186 of the 2013 Act is substantially similar to the provisions of section 372 A of the 1956 Act. One of the significant additions to the section is sub-section (1) of section 186 of Read More
Appointment of Auditors – Company Registration in Bangalore
Scope of Section The Act seeks to ensure that the appointment of an auditor is not in the hands of the directors. That is why it is vested in the general body of shareholders. The directors may appoint the first Read More