Category Archives: Companies Laws

Practical Issues on UDIN generation for Statutory Audit of Companies and important UDIN FAQs

Generation of Unique Document Identification Number (UDIN) is made mandatory for all other audit, assurance and attestation functions by ICAI w.e.f. 1st July, 2019. Therefore this is first year where the statutory auditor of companies (including private limited company) has … Continue reading

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Revised Auditor Report: Key Changes (Applicable for the financial year 2018-19)

Revised Auditor Report: Key Changes (Applicable for the financial year 2018-19) (Published in Chartered Accountants Association Ahmedabad May 2019 Journal) Click Here to download Audit Report Format Private Limited Company 2018-19 The auditor’s report is the key deliverable communicating the results of … Continue reading

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Ind AS 116 : A Major Shift for Accounting by Lessees

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Ind AS 116 is effective from 1st April 2019 for all companies preparing their financials in compliance with Indian Accounting Standards by replacing Ind AS 17.  New standard requires Lessees to follow single accounting model for all leases.  For lessors, … Continue reading

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Bank Statutory Audit 2017-18 : Useful Resources

Dear All, Creating a Common Pool of Materials/ Presentations/ Checklists / Circulars useful for Statutory Bank Audit :  Now next few weeks are crucial for practicing Chartered Accountants who have been allotted the statutory audit of Bank. The time is short … Continue reading

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Awards Received – ACCOUNTANT OF THE YEAR and CUSTOMER CENTRIC BUSINESS OF THE YEAR

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We are honored to have received Two Awards at the Intuit Quickbooks Excellence Awards 2013 in association with Bloomberg TV India at Delhi on 21st November 2013. Naresh J Patel & Co, Chartered Accountants received “ACCOUNTANT OF THE YEAR” and for NRI Advisory … Continue reading

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Big 6 Changes of Companies Bill 2013 passed by Rajya Sabha on 8th August 2013

                                                                                … Continue reading

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Top 20 Highlights of Companies Bill 2011 passed in Lok Sabha on 18th Dec. 2012

Lok Sabha (Lower House of Indian Parliament) passed a very important Companies Bill, 2011 on 18th December 2012. Once passed by Rajya Sabha (Upper House) and signed by the President, it will replace Companies Act 1956. Following is the summary of TOP … Continue reading

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