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Category: Company law

Auditor Consent Letter for Appointment and its Format

by Finlawportal TeamPosted onNovember 10, 2022November 25, 2022Company lawLeave a comment on Auditor Consent Letter for Appointment and its Format
Auditor Consent Letter

Every company must conduct an annual audit to get its books of account verified. For the appointment of an auditor, a consent letter from the…

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A case summary of Lee vs Lee’s Air Farming Ltd.

by Finlawportal TeamPosted onOctober 4, 2022November 27, 2022Company lawLeave a comment on A case summary of Lee vs Lee’s Air Farming Ltd.
Lee vs Lee Air Farming

Case name & citation: Lee vs Lee’s Air Farming Ltd. (1961) A.C. 12 (P.C.) Year of the case: 1961 Jurisdiction: The Privy Council What is…

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What is the Difference between AGM and EGM?

by Finlawportal TeamPosted onSeptember 26, 2022February 2, 2023Company lawLeave a comment on What is the Difference between AGM and EGM?
Difference between AGM and EGM

Differentiating AGM and EGM: The Companies Act of 2013 does not define the term “meeting”. Usually, a meeting means a gathering of people to discuss…

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MCQ on Directors of a Company: A compilation

by Finlawportal TeamPosted onSeptember 19, 2022February 2, 2023Company lawLeave a comment on MCQ on Directors of a Company: A compilation
MCQ on Directors

MCQ on Company’s Directors: Directors play a significant role in managing and overseeing the functions of a company. A company is an artificial legal entity…

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Resignation of Director and its Procedure under Companies Act

by Finlawportal TeamPosted onSeptember 12, 2022November 27, 2022Company lawLeave a comment on Resignation of Director and its Procedure under Companies Act
Resignation of director

In this blog, we have discussed the relevant provisions and procedures for the resignation of a director. A director of a company may resign from…

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Royal British Bank v Turquand: A case summary

by Finlawportal TeamPosted onAugust 30, 2022November 27, 2022Company lawLeave a comment on Royal British Bank v Turquand: A case summary
Royal British Bank v Turquand

Royal British Bank v Turquand: Case name: Royal British Bank v. Turquand, (1856) 6 E & B 327: (1843-60) All ER Rep 435 Jurisdiction: The…

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Definition of Small Company under Companies Act 2013

by Finlawportal TeamPosted onJuly 19, 2022November 27, 2022Company lawLeave a comment on Definition of Small Company under Companies Act 2013
Small Company Definition

Companies that are small in size and operations are provided with some exemptions and privileges when it comes to fulfilling the requirements of various statutes.…

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Liabilities of Auditor under Common law and Statutory law

by Finlawportal TeamPosted onMay 5, 2022November 27, 2022Company lawLeave a comment on Liabilities of Auditor under Common law and Statutory law
Liabilities of Auditor

The importance of functions performed by an auditor has increased a lot during the past centuries. This has resulted in the auditor’s legal liability being…

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Appointment of Company Secretary: Procedure & Need

by Finlawportal TeamPosted onApril 7, 2022November 27, 2022Company law1 Comment on Appointment of Company Secretary: Procedure & Need

Law says that all companies (including private companies) with a paid-up share capital of ten crore rupees or more are required to appoint a Company…

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Section 205 of Companies Act 2013: Duties of CS

by Finlawportal TeamPosted onMarch 27, 2022November 27, 2022Company lawLeave a comment on Section 205 of Companies Act 2013: Duties of CS

The role of company secretaries in any company is vital. From preparation of meetings, setting up the right papers, circulating papers of meetings in advance,…

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Audit plan Audit report Audit standards Case briefs Conditions & warranties Cost audit Differences Duress Internal controls Legal Intention M&A Negligence Objectives of Auditing Occupier's liability Offer and acceptance Tortious liability Undue influence

  • Vouching vs tracing
    Vouching vs Tracing in Audit
  • Auditor Consent Letter
    Auditor Consent Letter for Appointment and its Format
  • Special Audit
    What is a Special Audit? Its Need and Types
  • Cut-off procedures in audit
    What is meant by Cut-off procedures in Audit?  
  • Interim Audit
    What is an Interim Audit? Objective | Advantages & Disadvantages
  • Lee vs Lee Air Farming
    A case summary of Lee vs Lee’s Air Farming Ltd.
  • Reliability of audit evidence
    All you need to know about the Reliability of Audit Evidence
  • Difference between AGM and EGM
    What is the Difference between AGM and EGM?
  • Scope of auditing
    An understanding of the Scope of Auditing
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