Posted on October 8, 2009 with No Comments
Date:
The Board of Directors
XYZ Co. Ltd
Dear Sirs,
l. This confirms our engagement covering the following services requested by you:
* Statutory audit of the balance sheet of XYZ Co. Ltd (‘the Company’) as at 31st March, 200_, the related statements of Profit and Loss and notes thereon for the year then ended, as required by the Companies Act, 1956. Read More »
Posted on October 8, 2009 with No Comments
Circular No. DNBS (PD) CC.No. 159/03.03.01/2009-10, dated 28-8-2009
The Reserve Bank of India, having considered it necessary in the public interest and being satisfied that for the purpose of enabling the Bank to regulate the credit system of the country to its advantage, it is necessary to amend the Miscellaneous Non-Banking Companies (Reserve Bank) Directions, 1977, in exercise of the powers conferred by Sections 45J,45K and 45L of the Reserve Bank of India Act, 1934, (2 of 1934) and of all the powers enabling it in this behalf, hereby with immediate effect, prohibit MNBCs from accepting deposits from public except from the shareholders, which is subject to the conditions specified in the Directions issued by the Reserve Bank. Any deposit accepted and held by the MNBCs other than from its shareholders as on date shall be repaid on maturity and shall not be eligible for renewal. Read More »