Guys and Girls,
Last month of this financial year!!! Most of you will be under hectic work pressure.. But thanks for your attentive response to the questions..
My comments about sarayu last week made wonders i think!! She responded greatly to this week's question.. (For which lalit and me have to take credit for forcing her to do so!!!)..
She is absolutely right.. fantastic explanation for her answer..
This week, we can have questions not only in Tax but also in other topics as well..
Auditing:
What will happen if the auditor of a company, after completing his audit and preparing his report fell in Coma before presenting his report in AGM?
Law:
Is the legal son of the employee of a company who has the company's shares, counted as a member of that company for the purpose of the ceiling limit for members? (it s a pvt company!!)
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Auditing Qn:
ReplyDeletenothing will happen da... oly share holders and company will get tensed if he is in coma...:) and had it been our Ramalinga Raju then he would have been very very sad and upset since his books could not been forged for one more yr...:)
Law: No, the legal son won't be counted as a member of such company for the purpose of calculating the ceiling limit of members...
ReplyDeleteReason: Son has attained the share by means of transmission by operation of law... Now he'll be at the same position of what the father was...
Right ah wrong ah Kanna?? :)
Auditing: Conduct General Meeting and appoint a new Audidor if the report is not circulated to the share holders...
ReplyDeleteSource: Sarayu :)
4m the desk of the very very very VIP of the fan club of kannaaa..
ReplyDeletethe blastng , the most awaited ans (right or wrong kanna only knows)goes here...
1. AUDITING: at the 1st place. tat was an excellent ques...its easy to ans but difficult to ask a difficult ques like tis..
my ans: if the audited Accounts has already been circulated to shareholders, the same cn be approved at the AGM.audit report can be signed later i think... dunno ya. difficult to think more than this..
If the audited Accounts have nt yet been circulated i think its gud enuf to appoint an auditor & treat as casual vacancy..
2.LAW: comment on the ques: again a gud tricky one.
My ans: the son wil be treated as a share holder. as the shares ve been transferred to his name , he no longer has any connection wit the co as an employee.
PS::: ice oda answers ku naan porupilla.ice than porupu...
gosh!!!! the beautiful name s missing... all big explanations, obviously who else. SARAYU!!!
ReplyDeletei guess my law ans luks very ambiguous... to damage myself let me make it clear...
ReplyDeletethe son wil be counted as a member
waiting for answers to update our very small database.. c them soon.
ReplyDelete