Subsidiary, Companies needed to appoint internal auditor. 

The following companies class shall be needed to appoint an internal firm or auditor of internal auditors, namely:-

subsidiary

a, Every listed company.

b, Every public company unlisted having–

i, Paid up share capital of rupees fifty crore or more during the prior financial year.

ii, two hundred crore rupees turnover or more during the prior financial year or

iii, Borrowings or outstanding loans from public financial institutions or banks exceeding one hundred crore rupees or more at any time point during the prior financial year; or

iv, excellent deposits of twenty five crore rupees or more at any point of time during prior financial year; or

c, Every private company having–

i, Two hundred crore rupees turnover or more during the prior financial year; or

ii, Borrowings or outstanding loans from public financial institutions or from banks exceeding rupees one hundred crore or more at any point of time during the prior financial year.

Given that an covered existing company under any of the criteria above shall comply with section 138 requirements and this rule within commencement six months of such section.

Explanation — For this purpose rule–

i, internal auditor may or may not be the company employee.

ii, the term “Chartered Accountant” shall mean a Chartered Accountant whether engaged in private or not.

The Audit Committee of the company or Board shall, in consultation with the Internal Auditor, the scope formulation, periodicity, functioning and methodology for conducting the Internal Audit.

Subsidiaries

S.No.

Subsidiary Name

Reporting period for the concerned subsidiary, if different from the reporting period holding company’s.

Report Exchange rate and currency as on the last date of the Financial year which is relevant in the case of Foreign subsidiaries.

Share Capital.

Surplus and reserves.

Total assets.

Total Liabilities.

Turnover.

Investments.

Profit before taxation.

Provision for taxation.

Profit after taxation.

Dividend proposed.

% of shareholding.

The following information shall be furnished at the statement end.

Subsidiaries name which are yet to commence operations.

Name of the subsidiaries which have been sold or liquidated during the year.

Name of the joint ventures or associates which are yet to commence operations.

Name of the joint venture or associates that have been sold or liquidated during the year.

In accordance of finance company, revenue of operations as under shall be disclosed.

a, Revenue from interest and;

b, Revenue from other financial services.

NOTES TO THE BALANCE SHEET ABRIDGED AND THE PROFIT ABRIDGED AND LOSS ACCOUNT:

  1. The amounts here to be shown be the same as shown in the corresponding aggregate heads as per schedule III in the financial statements or as thereto near as possible.
  2. The contingent liabilities total amount and that of commitment should be separately shown.
  3. All forming notes of the financial statements part as per Schedule III to which attention that is specific by the auditors has been drawn or which form a qualification of subject matter by the auditor of the qualification should be reproduced by the auditor.
  4. If the revalued assets the revaluation amount to be separately shown for the initial five subsequent years to the revaluation date.
  5. Any item that constitutes 20% or more of the expenditure or total income (including provisions) separately should be drawn.
  6. Amount, if material, by any shown item in the profit and loss account are affected in the accounting policy by any change, should be separately disclosed.
  7. Note shall include the notes, if any mentioned in the financial statements which is complete pertaining to the following.
  8. a, Default amounts and period on the date of balance-sheet in repayment of interest and loans.’
  9. b, Amalgamations, restructurings, acquisitions and de-mergers during the reporting period.
  10. c, Material events affecting the assumption on going assumption.
  11. d, Investigation and conducted inspection or ordered under the provisions of Companies Act, 2013.
  12. e, Non-compliance during the reporting period with any law.
  13. f, Any other considered note significant by the management.
  14. Book value and Market value of investments quoted (both for current year as well as previous year) mentioned.
  15. Notes in the balance sheet abridged should be given the same number as in the balance sheet that are important.
  16. Related Party transaction disclosure shall be made in terms of the needed Accounting standards.
  17. Cash details and equivalent cash shall be mentioned as follows:-
  18. a, Balances with banks;
  19. b, Cheques, drafts on hand;
  20. c, Cash in hand;
  21. d, Others (specify nature)
  22. In terms of Accounting Standard (AS)3 Cash Flow Statement, wherever needed and notified, the following Cash Flow Statement abridged shall be included:
  23. Abridged Cash Flow Statement.
  24. Figures for the recent reporting period Figures for the prior reporting period.
  25. 1. Cash flows from
  26. operating activities
  27. 2. Cash flows from
  28. Investing activities
  29. 3. Cash flows from
  30. financing activities
  31. Net increase/(decrease)
  32. In cash and cash equivalents
  33. at the beginning of the period
  34. Cash and cash equivalents at the period end.
  35. Segment capital employed, segment revenue (segment assets minus segment liabilities and segment results for segments of business or segment which is geographical, whichever is the enterprise’s main basis of reporting segment(disclosure of information segment shall be presented) only if the required company, in terms of Accounting standards.
  36. Rounding off level should be the same as in the balance sheet which is main and the profit and loss account.
  37. Where compliance of the Act with the requirements including Accounting standards as needed to the companies require in treatment of any change or disclosure including amendment, addition, substitution or in the head deletion/sub head or any changes inter se in the statements or financial statements thereof forming part, the same shall be done.
  38. The above mentioned Balance sheet salient features and the Profit and Loss Account must be authenticated as the Main financial statements in the same manner.
  39. AUDITOR’S REPORT.
  40. Auditor’s Report shall be submitted by the statutory auditors in respect with the auditing standards auditor’s report on financial statement shall be given also.
  41. DIRECTOR’S REPORT.
  42. Salient Director’s report features shall be disclosed.
  43. FINANCIAL STATEMENTS CONSOLIDATED.
  44. Where a company is needed to prepare Financial statements Consolidated, i,e., balance sheet consolidated and profit and loss consolidated statement the company shall mutatis mutandis forllow the Schedule III of the Act requirements, as needed to a company in the balance sheet preparation and profit and loss statement. In addition, the financial statements consolidated shall disclose the information as per the specified requirements in the Accounting standards applicable including the specified items of Serial numbers (1) and (2) under the heading “instructions that were general for the consolidated financial statements consolidated” contained in the Schedule mentioned.
  45. To be certified in the manner which is same in which the Balance sheet is to be certified.
  46. All the marked fields in “are to be filled mandatorily.
  47. Appearing figures in the e-Form should be entered in only Absolute rupeees. Figures not be rounded off in any other unit like hundreds, thousands, lakhs, crores or millions.

The company authorized capital as on the filing date.

The company number of members as on the filing date.

SEGMENT-1`: INFORMATION AND PARTICULARS IN ACCORDANCE OF BALANCE SHEET .

Part A.

I. General of the company information.

  1. a, Corporate identity number (CIN) of company ………………………………..(Pre-fill)
  2. b, Global location number (GIN) of company………………………………
  3. c, The Company name …………………………..
  4. a, Address of the company registered office.
  5. b, The email ID of the company.
  6. a, Financial year to which relates balance sheet
  7. From ………………………………………..(DD/MM/ YYYY) To ……………………..(DD/MM/ YYYY)
  8. b, ‘Date of directors board’ meeting in which was approved balance sheet…………………………(DD/MM/ YYYY)
  9. c, Details of Managing director, director(s), the company secretary who have the balance sheet signed.
  10. Following details are to be only entered in case of the balance sheet date is on or after 1st July, 2007.
  11. Provide Director Identification Number (DIN) in director case, Managing Director and Income-tax permanent account number (Income-tax PAN) in case of secretary, manager.
  12. DIN or Income-tax PAN ……………………………..(Pre-fill) Designation ………………………………..
  13. Name …………………………………………………………………………………………………..
  14. Date of balance sheet signing……………………………………………………………(DD/MM/YYYY).
  15. Give information to each person
  16. Date of Board of directors’ meeting in which the report of Board’s referred to under section 134 was approved ………………………………………………………… (DD/MM/YYYY)
  17. Director(s) details, Managing Director who have the Board report’s signed.
  18. Following details are to be only entered in case of date of Board of Directors’ meeting is on or after 1st July 2007.
  19. DIN ………………………………………….(Pre-fill) Designation …………………………..
  20. Name …………………………………………………………………………………………………………………..
  21. date of signing of report of Board’s …………………………………… (DD/MM/YYYY).
  22. (Information for each person to be provided)
  23. Date of signing of reports by the auditor on the balance sheet …………………………………………………………….(DD/MM/YYYY)
  24. 7. a, Whether annual general meeting (AGM) held ……………. Yes No.
  25. b, If yes, AGM date ………………………………………….(DD/MM/YYYY)
  26. c, Due AGM date…………………………………………..(DD/MM/YYYY)\
  27. d, AGM date in which accounts by shareholders are adopted ………………………………………………………….
  28. e, Whether any extension for AGM granted or financial year……….Yes…………………………………………………. No
  29. b, CIN of the holding company, if needed ………………………………………..(Pre-fill)
  30. c, The holding company name
  31. d, Provision pursuant to which the company has become subsidiary……………………………………..
  32. a, Whether the company has subsidiary company as mentioned under section 2(87)…………………………… Yes ……………No.
  33. b, if yes, then represent subsidiary company(s) number………………………………………………….
  34. Subsidiary company CIN…………………………………….
  35. The subsidiary company name……………………………………….
  36. Section under which the company has become a subsidiary ………………………………
  37. Subsidiary company CIN …………………………………..
  38. The subsidiary company name ………………………………..
  39. Section under which has become the subsidiary company……………………………
  40. Auditors name ………………………..
  41. Auditor Category …………………………………..individual …………………………………Auditor’s firm.
  42. PAN of auditor Income-tax or firm of auditor’s ………………………………………..
  43. Name of auditor’s firm or the auditor…………………………………..
  44. Auditor address or firm of auditor’s
  45. Line I
  46. …………………………………………………………………………………………………………………….Line II………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….
  47. City …………………………… State ……………………………………………
  48. Country……………………………………………… Pin code ……………………….
  49. Details of the representing members firm Name above …………………………………………………………………………………………………………………………………………………………………………..

Membership number……………………………………

g, Form SRN relating to auditors appointment…………………………………………………….

(Information to be given for each person)]

11. (a) In case of a government company, whether Auditor Control General of India or Comptroller (CAG of India) has upon commented or the audit report under section 143 of the Companies Act, 2013 …………………………………………………… Yes ……………………..No.

b, Provided details of supplement(s) or comment(s) received from CAG of India.

……………………………………………………………………………………………………………………………….

c, Director’s reply (s) on received comments form CAG of India.

……………………………………………………………………………………………………………………………….

Whether CAG of India has supplementary conducted or test audit under section 143 ………………..Yes ……………….No.

Whether Schedule III of the Companies Act, 2013 is needed…….. Yes …….. NO

b, Industry Type.

Note: In case the industry types is other than Banking or Power or NBFC or Insurance, then select Commercial and Industrial.

Part -B1. BALANCE SHEET (As per Schedule III to the Companies Act, 2013 applicable for the commencing financial year on or after 1.4.2011)

Particulars Figures as at the end of Figures as the end of (Current reporting period) (in Rs.)…………………..(DD/MM/YYYY) Figures as the end of (Previous reporting period)(in Rs.) (DD/MM/YYYY)

(Current reporting period)

(in Rs.)……………………

a, Current liabilities.

a, Short-term borrowings.

b, Trade payables.

c, Other liabilities current.

d, Short-term provisions

TOTAL

II. ASSETS

I, Non-current assets.

a, Fixed assets

i, Tangible assets.

ii. Intangible assets.

iii, Capital work in-progress

iv, Assets Intangible under development.

.b, Non-current Investments

c, Tax Assets deferred (net)

d, Long-term advances and loans

e, Other assets non-current

Current assets

a, Current investments

b, Inventories

c, Trade receivables.

d, Equivalent of cash and Cash.

e, Advances and short-term loans

f, Other assets current.

TOTAL

Part I. BALANCESHEET (Applicable for commencing financing year before 1-4-2011)
Particulars Figures as at the end of Figures for the period

(Current financial year) (Prior Financial year)(in Rs.)

(in Rs).

Funds sources

Paid-up capital

Share money application

(allotment pending)

Particulars Figures as at the end of Figures for the period (Previous financial year) (in Rs.)

(Current financial year)

(in Rs)

Reserve and surplus

Loans secured.

Loans unsecured

Deferred as liabilities of tax (Net)

Other (Please indicate)
TOTAL

Funds Application

Gross fixed assets (Including assets tangible)

Less amortization and depreciation

Net fixed assets

work in progress Capital

Investments

Tax assets deferred (Net)

Current loans, advances and assets

a Inventories

b, Sundry debtors

c, Bank balances and Cash

d, Other recent assets

e, Advances and Loans

less: Current provisions and liabilities.

a, Liabilities

b, Provisions

Net current assets

Expenditure miscellaneous to the extent not written off or adjusted

Profit and Loss account.