CA/CS Updates

Chapter XXI – Companies Authorised to Register Under this Act (Notified w.e.f. 01.04.14)
• Section 366 – Companies capable of being registered
• Section 367 – Certificate of registration of existing companies
• Section 368 – Vesting of property on registration
• Section 369 – Saving of existing liabilities
• Section 370 – Continuation of pending legal proceedings (except proviso)
• Section 371 - Effects of registration under this part
• Section 374 – Obligation of companies registering under this part

Chapter X - Audit and Auditors (Notified w.e.f. 01.04.14)
• Section 139 - Appointment of auditors
• Section 140 - Removal, resignation of auditor and giving of special notice [except 2nd proviso to sub-section (4) & (5)]
• Section 141 - Eligibility, qualifications and disqualifications of auditors
• Section 142 - Remuneration of auditors
• Section 143 - Powers and duties of auditors and auditing Standards
• Section 144 - Auditor not to render certain services
• Section 145 - Auditor to sign audit reports, etc
• Section 146 - Auditors to attend general meeting
• Section 147 - Punishment for contravention
• Section 148 - Central Government to specify audit of items of cost in respect of certain companies

Chapter IX - Accounts of Companies (Notified w.e.f. 01.04.14)
• Section 128 - Books of account, etc, to be kept by company
• Section 129 - Financial statement
• Section 134 - Financial statement, Board’s report, etc
• Section 136 - Right of member to copies of Audited Financial Statement
• Section 137 - Copy of financial statement to be filed with Registrar
• Section 138 - Internal audit