Multi-state Cooperative societies Contributed by: Neha Kujur Email id: Neha@simplybiz.in Introduction Multi-State Cooperative SocietiesMulti-State Cooperatives are societies that have operations in more than one state. It is governed by Entry 44 of List I of the Union List of the Seventh Schedule to the Constitution. Such Multi State Cooperative Societies are registered under the Multi-State […]

Cooperative Societies Contributed by: Neha Kujur Email id: neha@simplybiz.in Introduction to Cooperative Societies: The concept of a Cooperative Society is not novel. It is operated into various sectors such as agriculture, consumer goods, finance, healthcare, and more. Cooperative Societies were initially established to safeguard the interests of vulnerable groups but have now grown into a […]

What is the implication if an auditor resigns from his office prior to completion of his term? Will it be considered as an appointment of auditor in case of casual vacancy Contributed by: Venkat Sai Reddy Gopavarapu Email id: Venkat@simplybiz.in According to the Indian Companies Act,2013 (Act) every company must get its Financial Statements audited […]

Adjudication order for violation of Section 137 of the Companies Act, 2013, i.e., non-filing of Financial Statement with the Registrar. Contributed by: Venkat Sai Reddy Gopavarapu Email id: Venkat@simplybiz.in In accordance with Section 137(1) of the Companies Act 2013 (Act), every company is required to file a copy of the Financial Statements, including consolidated Financial […]