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statutory co is a company which is passed by a special act by central or state legislature.like-indian railway,icai etc.
This co dont required to have its MOA because the rules $ regulation are alredy written in such Act.
the audit of such co is conducted by CAG
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∙ 12y ago
Ravi Kamboj
A statutory company is defined as a company that is created by a Special Act of the Parliament and it provides services of value to the public. It is really confusing to find the good company regarding your statutory audit reports. So i recently hired Habibullah & co. and they are the best Statutory audit company in India
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How do you calculate the statutory reserve of a company?
what are the statutory reserves of a company?
Who appoints the statutory auditors for a company?
shareholders
What is the meaning of statutory and regulatory framework for financial accounting?
Statutory means it is required by Law. Regulatory means it is required my regulatory bodies such as the FSA in Great Britain and Northern Ireland.
What is the difference between statutory and non statutory audits?
what is the difference between statutory audit and non statutory audit.
What are statutory expenses?
statutory expenses
How do you calculate the statutory reserve of a company?
what are the statutory reserves of a company?
What is statutory audit What is the exact meaning of statutory audit?
A statutory audit is necessary by law for auditing all company’s financial health and records. In the UAE Audit firms in Dubai provide a statutory audit for all companies in UAE to check financial health by reviewing its accounts & accounting activities. Government organizations in the UAE must have their accounts reviewed by statutory auditors. A company’s shareholders can select any qualified statutory audit firm in UAE at the annual general meeting. For more info refer : What is Statutory Audit | How To Do Statutory Audit of A Company In Dubai
What type of company needs a statutory report?
public company needs a statutory report
What is Statutory Company?
dfgfds
Which company is related to statutory meeting?
pubic company
What is difference between legal and statutory reserves?
Answer: legal and statutory reserves There is no difference. Both legal and statutory reserves are reserves that must be maintained by law. The previous answer ("Legal reserves are stipulated by law, while statutory reserves are determined in the Articles of Association (the Statute of a company)") is incorrect: the primary meaning of 'statutes' is 'enacted laws'
What is a Statutory financial statement?
A statutory financial statement is a financial statement of an insurance company prepared in accordance with statutory accounting standards.
Who appoints the statutory auditors for a company?
shareholders
What is the difference between statutory body and autonomous body?
A statutory body deals with enforcing legislation for a country or state. An autonomous body is a company that regulates its own company law.
What is the meaning of statutory education?
the meaning of statutory involves all the organisations that are set up, controlled and funded by the government. For example public school and NHS run hospitals. The statutory sector is funded by people who pay taxes and national insurance etc.
Is a company has a statutory right to alter its articles of association?
yes
What is a statutory body.Who are the statutory bodies of India?
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
