Stock Audit (Inventory Audit)
Stock Audit is a process of taking out the physical verification of inventories available inside the stores, factories, and warehouses with the records maintained by the management. It is also known as Inventory Audit
Month April 2022
Vendor Audits
A vendor audit is a tool for an organisation to strengthen and evaluate compliance standards of its third-parties and the responsibility of an organisation is not limited to its internal operations but also extends to externals. Vendor audits has quickly…
Mystery Audits
Mystery audits is an art of evaluating standards of business services being offered by franchise or company-owned outlets. In other words, Mystery Audit is a process in which a customer visits the retail stores, Banks, or any other location of…
Board of Directors
Section 149 of companies act 2013 contains provision which require that every company shall have to constitute Board of Directors. Types of Companies and minimum or maximum limit of board of Directors Minimum Number of Director in a Company One…
Composition Scheme of GST
Who is composition Supplier? A Composition supplier is a person registered under section 10 of CGST Act 2017 Pays 1% GST on his total sales (Example if sales is Rs. 5,00,000, GST payable is Rs. 5,000 (being 1% of sales)…
Franchise Audits
Now first question is what is Franchise and Franchise Audit(s)? Franchise is an authorization granted by a company, firm or individual to an individual, firm, company or a group enabling them to carry out specified commercial activities which are subject…
DIN Activation after of 5 years of disqualification u/s 164(2)
Now What is Section 164(2) of Companies Act 2013, How a director attracts disqualification, What is DIN activation? A company who has not filed it’s Financial statements or annual returns for a continuous period of 3 years renders all its…