Professional Documents
Culture Documents
37 Caro Presentation
37 Caro Presentation
Documentation
References
Companies Act(section 293), AS 10, 24,and 26 and AAS 16
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Documentation
Evidence of physical verification List of location & inventory Management representation regarding Verification procedure
References
AS 2, SA501
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References
Companies Act(section 227,297,299,301) Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998 (Paragraph 6A)
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Documentation
Internal control questionnaire, flowchart Management representation on steps taken to correct major weaknesses Internal audit reports
References
AAS 6
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Paragraph 4(v)-Contracts
Questions
Details of contracts/arrangements referred in section 301 entered in register Transactions made at reasonable prices with regard to prevailing market prices
Documentation
List of companies, firms, parties covered u/s 301 Copy of Form 24AA Details of statement of contracts u/s 301 Prevailing market prices of similar items management representation on reasonableness of prices
References
Companies Act(section 301), AS 18, SA540
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Paragraph 4(vi)-Deposits
Questions
Compliance with RBI directives , section 58A,58AA & other relevant provisions of the Act Details of nature of contraventions Compliance with orders of CLB, NCLT, RBI or any Court
Documentation
Return filed with ROC Checklist for rules u/s 58A & 58AA Copy of order of CLB, NCLT, RBI or any Court Management representation for compliance with RBI directives
References
Companies Act(section 58A & 58AA)
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Documentation
Existence of internal audit department Its organisational chart Internal audit reports
References
SA 600
10
Documentation
List of records maintained u/s 209 (1)(d)
Reference
Companies Act(section 209)
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Documentation
List of statutory dues with details and evidence of payment Management representation regarding completeness of information List of disputed dues Schedule of contingent liability
Reference
Companies Act(section 205C), Income tax (section 44AB)
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Paragraph 4(x)-Sickness
Questions
For a company registered for not < 5 years
Accumulated losses not < 50% of net worth Cash losses in current financial year and preceding financial year
Documentation
Statement of net worth and accumulated losses, if any
Reference
Companies Act[section 2(29A)]
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Documentation
Schedule showing loans taken with terms, conditions & repayment schedule Details of debentures with redemption date, payment date etc Loan agreement, debenture trust deeds
Reference
Companies Act, 1956 (section 372A)& SEBI DIP Guidelines, 2000(chapter X)
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Documentation
List of loans & advances granted by pledge of security List of records maintained by company Statement of holding stating registration in companys name( D-mat shares & securities)
Reference
Companies Act, 1956 (section 125, 372A and Schedule VI)
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16
Reference
Companies Act (section 620A),Chit Fund Act ,1982
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Documentation
List of records maintained Statement of holding stating registration in companys name( D-mat shares & securities)
Reference
Companies Act (section 49),AS 13
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Documentation
List of guarantees provided with details of name, amount ,period and purpose Board resolution Management representation stating reason for guarantee
Reference
Companies Act (section 372A)
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Reference
The Companies Act [section 227(1A)]
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Documentation
Prepare statement showing long term sources of funds vis a vis long term application of funds
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Documentation
List of companies, firms, parties covered u/s 301 Board resolution for preferential allotment Valuation report
Reference
The Companies Act (section 301),SEBI DIP Guidelines, 2000
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Documentation
List of debentures issued Board resolution for creation of charge or security Verify creation of charge from ROC documentation
Reference
The Companies Act , SEBI Act, 1992
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Documentation
Copy of prospectus Management representation on completeness of disclosure
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Documentation Representation by management regarding the fraud risk factors their assessment and course of actions Reference
SA240
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Questions
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THANK YOU
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