Auditor Registration in vadapalani - Filingpoint


Welcome to Filingpoint  Chartered Accountant for Auditor Registration Expert +91 72999 72500

Filingpoint Auditors are important to the companies they audit as they verify and review financial records, help them comply with tax laws and point out discrepancies in accounting methods helping boost operational efficiency. But they too face pressure due to increased investor awareness, improved data availability and institutional investor activism. This, in turn, has increased the frequency of resignations by auditors and independent directors.

The Companies Act, 2013 prescribes a procedure to deal with vacancy and termination of auditors and directors. Under Section 140, the resigning auditor must provide a written notice to the company at least 30 days prior to the date of their resignation and file Form ADT-3 with the Registrar of Companies. Failure to comply with the provisions of this Act can lead to hefty fines and penalties for both the resigning auditor and the company.

Resignation of auditors is a serious issue and should not be taken lightly. In such cases, retail investors should keep a tab on the developments and assess the impact of the resignation on their investments. For instance, the stock of Manpasand Beverages fell for a long time after Deloitte Haskins and Sells resigned as its auditors, citing non-sharing of vital information with the management.

On the other hand, Adani Ports and SEZ appointed MSKA & Associates as its new auditors following Deloitte's decision to resign from the conglomerate. The move follows the firm's raising concerns about transactions flagged by US-based short seller Hindenburg Research.

Contact Filingpoint Auditor Registration in Vadapalani +91 72999 72500

Comments

Post a Comment

Popular posts from this blog

Top Mistakes to Avoid When Registering Your Software Company

Image
Call our experts for Software Company Registration Consultants at +91 72999 72500 Introduction: Starting a software company can be an exciting venture, but navigating the legal requirements can be daunting. Registering your company correctly is crucial to avoid costly mistakes down the road. In partnership with FilingPoint, a leading company registration service, we bring you a guide to the top mistakes to avoid when registering your software company.   Top Mistakes to Avoid When Registering Your Software Company   1. Choosing the Wrong Business Structure: Selecting the right business structure—whether it's a sole proprietorship, partnership or corporation is crucial. Each structure has different tax implications, legal protections, and operational requirements. Consult with professionals to determine which structure best suits your company's needs.   2. Incomplete or Incorrect Documentation: Submitting incomplete or inaccurate documents can delay the r...
Read more

What is LLP and How Does it Differ from Other Business Structures?

Image
  Call our filingpoint experts at +91 72999 72500 or visit https://filingpoint.com What is an LLP? An LLP is a business structure that provides members or partners with limited liability protections. It is most commonly used by professional service businesses such as ð IT Companies ð Retail Company ð Manufacturing Company Or other business services are ð Partnership ð Proprietorship ð Sole Proprietorship etc.… The LLP is similar to the general partnership, but with additional protections for the partners. Filingpoint will provide consultants for starting an LLP. Explore our comprehensive guide at FilingPoint.   How does it differ from Other Business Structures?    Typically, the percentage of ownership and responsibilities for running the business are clearly defined in a written partnership agreement. This allows partners to be flexible with how they manage the LLP and gives them the ability to add or remove members . Like Pr...
Read more

The Advantages of Forming an LLP for Your Startup

Image
  Call our filingpoint experts at +91 72999 72500 or visit https://filingpoint.com What is LLP?      A Limited Liability Partnership (LLP) is a business structure that combines the features of a partnership and a corporation, offering limited liability protection to its partners while allowing them to actively manage the business's operations . Filingpoint will provide consultants for starting and advantages of an LLP. Explore our comprehensive guide and advantages at FilingPoint .   The Advantages of Forming an LLP for Your Startup Ø The type of business structure you choose is one of the most significant decisions you will make when starting a new company. It has implications for ownership and control, asset protection, costs and taxation. While no entity is right for every situation.   Ø One of the primary advantages to forming an LLP is the liability protection it provides for partners. By separating the personal assets of e...
Read more