Understanding of new companies act


The new Companies Act 2013 has introduced a variety of changes to the manner in which companies are started and managed. These changes have impacted the way critical business transactions are undertaken, the role of professionals such as CAs, company secretaries and lawyers and the manner in which promoters, businessmen and entrepreneurs run their companies. There is a need to familiarize them with the Company’s business, ethics, standards, its working, and applicable laws. This program is intended to do just that.

What will I Learn?
After completing this course you will be able to:
  • Obtain a fair understanding of the new provisions, relative to the old ones
  • Identification and appreciation of practical issues.
  • Can be reckoned as a part of Unstructured CPE learning.

  • Description

    The Revolution across the Indian legal landscape has been marked with the New Companies Act. The 57-year old Companies Act, 1956 has been retired and it has been replaced with the Companies Act, 2013. The latter has been 20 years in the coming and has completely redefined the law. It’s now imperative for the professionals, both in industry and in practice, to update themselves with the new provisions.


    (Day 1)

    A. New concepts
  • One Person Company, Small Company and Dormant Company
  • Independent Director, Women Director and Resident Director
  • Key Managerial Personnel

  • B. Important changes
  • Incorporation
  • Shares and Dividend
  • Charges
  • Directors
  • Meetings
  • Annual Return

  • Board & Directors Responsibilities
  • Board- Structure
  • Report
  • Guiding principles of CSR
  • Board’s mandatory committees
  • Key Managerial personnel
  • Directors Responsibility statement
  • Applicability of CSR Provisions & Rules thereof

  • (Day 2)

    A. Introduction – Key Terms
  • Meaning and Definition of some important terms
  • Accounting Standards
  • Auditing Standards
  • Books, Papers and Books of Accounts
  • Chartered Accountant, Financial Statements and Financial Year

  • B. Financial Statements
  • Format and contents of Balance Sheet and Statement of Profit & Loss
  • Directors’ Report, Auditors’ Report, Notes on Accounts
  • Method of approval and certification
  • Right of members to copies of audited financial statements
  • Filing with ROC

    A. Eligibility, Qualifications and Disqualifications of Auditors
  • Statutory Auditor
  • Supplementary Audit by CAG
  • Auditing Standards
  • Internal Audit,
  • Secretarial Audit
  • Cost Audit

  • B. Procedure for Appointment of Auditors
  • First Auditor – Unlisted Company/Listed Company/Govt. Company
  • Subsequent Auditor - Unlisted Company/Listed Company/Govt. Company
  • Audit Reporting under Companies Act 2013-Audit Report Vis a Vis SA 700-705-706 & Discussion on CARO 2015
  • External auditors
  • Chartered accountants in industry
  • Company secretaries
  • Internal Auditors
  • Interns
  • 2 days
    10am to 5:30pm

    Fees: 7000/- (Inclusive of GST)

    For further details regarding contents,
    E-mail: training@bseindia.com