BK Ramadhyani & Co LLP - Attest -Functions

SERVICES

COUNTRY NETWORKS

KOLKATA

KOTHARI & CO.
Ph: 91-33-2236-7715/16

CHENNAI

S. VENKATRAM & CO.
Ph: 91-944-24992602

NEW DELHI

K.G. SOMANI & CO
Ph: 91-11-23277677

BHOPAL

S. L. CHHAJED & CO.
Ph: 91-755-02553507

BANGALORE

B.K. RAMADHYANI & CO.
Ph: 91-80-23464700

BHUBANESWAR

TEJ RAJ & PAL
Ph: 91-674-2312383

Attest Functions

Statutory audit of financial statements: Section 224 of the Companies Act, 1956 requires every company, at each annual general meeting, to appoint an auditor to hold office from the conclusion of that meeting until the conclusion of the next annual general meeting. Accordingly, audit of annual financial statements is compulsory for all companies, both private and public.

Tax audit under section 44AB of the Income Tax Act, 1961: Section 44AB of the said act requires every person carrying on a business (with turnover or gross receipts exceeding Rs.60 lakhs in any year - as proposed by the Finance Bill, 2010) or profession (gross receipts exceeds Rs.15 lakhs in any year -as proposed by the Finance Bill, 2010) to get his accounts audited by an Accountant before the due dates specified and furnish by the same date, a report of such audit in the prescribed form. The said act also contemplates a penalty for non compliance of this regulation.

Audit under value added tax (VAT) acts of various states: Section 31(4) of the Karnataka VAT Act, 2003, requires every assessee to obtain an audit report in the prescribed form if its annual turnover exceeds Rs. 60 lakhs. There are similar provisions in the VAT Acts of certain other states in India.

Reports of Chartered Accountants to be included in prospectus/offer documents of corporates raising funds in India or abroad: Every public company making an issue of shares to the public shall issue a prospectus containing matters specified in Companies Act, 1956. Inter alia, the prospectus shall contain a report by the auditors of the company on matters specified in part II, schedule II to the Companies Act, 1956.

Certifications pursuant to economic legislations or sought by various regulatory authorities: Various regulatory authorities seek certificates from Chartered Accountants covering accuracy of audit, regulatory compliance or other matters.

We carry out attest services in all the above areas.

ABOUT US

B K Ramadhyani & Co is a professional firm of chartered accountants headquartered at Bangalore, the silicon valley of India delivering sound, practical, business-driven assurance, risk and advisory services to blue-chip clients in South and Western India. More>>

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