Board Resolution for Appointment of Internal Auditor: A Draft

What is this resolution for? The specimen of board resolution provided in this blog is for the appointment of an internal auditor in a company. An internal audit is a controlling tool in the hands of a company that measures and evaluates the effectiveness of its affairs primarily in accounting, operational, and financial matters. The…

Board Resolution for Appointment of First Auditor: A Draft

What is this resolution for? The board resolution provided in the below paragraphs is for the first auditor’s appointment in a company. Auditors are to be appointed by every company to ensure that its financial statements for the relevant fiscal year accurately and fairly reflect the company’s state of affairs. It also serves as a…

Form ADT-1: When to file and why?

Form ADT-1 Section 139(1) of the Companies Act 2013 specifies that every company has to appoint a statutory auditor at its Annual General Meeting. The auditor so appointed holds office till the next 5 years subject to his fulfillment of eligibility criteria. After the said period, the company may either appoint a fresh auditor who…

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A Complete Guide on Filing of AOC 4 Form

To ensure accountability, good governance, and transparency of a company towards its stakeholders, it is mandatory that proper disclosures of its annual financials, board’s report, and auditors’ report are made. These financials act as a medium of clear communication between the Board of Directors and a company’s shareholders. Form AOC 4 and MGT 7 are…

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