Month: January 2022

Almost the first function of a company is to raise capital. Excepting a private company, every other company issues a prospectus, which may be in the abridged form, or a Statement in lieu of Prospectus, before it proceeds to allotment, Read More …

Verification of the constitution and powers – A company can function within the limits prescribed by the documents on the basis of which it has been registered. It raises its capital from the public on certain conditions, specified in the Read More …

Under the provisions of section 208, a company which has raised money by issue of shares to meet the cost of construction of any work or building or provision of any plant which cannot be made profitable for a long Read More …

The provisions in the matter of books of account which a company is required to maintain are contained in section 209 of the Companies Act, 1956. They are briefly summarised below : (1) Every company must maintain at its registered Read More …

These have to be determined on a consideration of :  objectives of audit; various provisions in the Companies Act, 1956, especially those concerning accounts and audit; and  the scope of the report that the auditor of a company is required Read More …