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abhimanyu   23 June 2021 at 06:45

Financial statement, board’s report, etc.

THIS QUERY WAS RAISED IN FORUM BUT NO ADVICE CAME AS SUCH THIS IS BEING POSTED HERE



As per Section 134(5)(b) of the Companies Act, 2013, the Directors’ Responsibility Statement referred to in clause (c) of sub-section (3) shall state that the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year and of the profit and loss of the company for that period. In this regard, following are queries:

1. Is there any guideline or guidance issued by the ICAI with respect to this aspect? If so please advise.

2. At what time of the financial year, the Directors have to select accounting policies for applying them for that financial year. To make the query more clear, such accounting policies as will be applied to the Accounts for the year 2021-22 should be selected by the Directors at what time

A) in the beginning financial year 2021-22 or

B) can be selected at any time but before the close of 2021-22

3. Whether for Accounts of the Company for the financial year 2021-22, such accounting policies can be selected by the directors after close of the financial year on 31.3.2022 but before the approval of the financial statements by the Board for 2021-22. For example, for the year 2021-22, approval of financial statements shall be done after 31.3.2022, so can such accounting policies as will be applied to the accounts for the financial year 2021-22 can be selected in June, 2022.

4. Suppose, the Directors selected accounting policies in the year 2019-20, which are being applied to the Accounts of the financial year 2021-22. Now, a need arises for modification of some accounting policies to be applied to the accounts for the year 2021-22. Please advise can such a modifications in policies be done after 31st March, 2022, say in June, 2022 for being applied to the Accounts 2021-22.

A BANERJEE   23 June 2021 at 03:40

Protection of senior citizens from neighbourly hrassment

I am an unmarried senior citizen (76+), living with my nephews. Due to construction work in the adjacent house, the walls of the room in which I sleep has been seeping profusely since my bedroom wall is common with my neighbour's bathroom, as it appears. I am also a patient of serious lung disorder. The contractor/builder who undertook the job of renovation of the adjacent flat did not care to do anything about the continuous seepage, while the occupant/owner being a single lady is unapproachable. I live with and on nebuliser, oxygen and BiPap support, but due to this seepage, I am compelled to sleep in another room which is too inconvenient for me.
What is the way by which I can get justice and compel the owner/occupant to ensure that the continuous seepage stops and I am relieved of spending huge amounts on unsuccessful attempts to stop the menace?

A BANERJEE   23 June 2021 at 03:26

Family pension for a married daughter separated from husband

Can a married daughter, separated from her husband owing to many reasons (chiefly, torture) and living with her parents for more than two years, claim and be entitled to Family Pension under the extant Pension Rules? Is there any precedent in the form of a judgement/notification on this issue?

Shaher yar   22 June 2021 at 22:40

Death of a waiter due to covid

Hello
A person was working as a waiter in a hotel . He got covid positive and died in the hotel.
Is his family entitled to any compensation or remuneration from the hotel owner under the labour code or any other act ? Kindly suggest suitable legal remedy

visuiyer   22 June 2021 at 22:29

Settlement or gift

I have agricultural property; which I am planning to give to my nephew who is unmarried. ( I have never married and no adopted children)
Now ther querry is...
a) can I give the land as gift to my nephew or
b) should I draft a settlement deed.

In both the cases, what are all the formalites, and which is easy in respect of procedure and cost - Experts please guide and advise.



Anonymous   22 June 2021 at 21:57

Travolook/customer/care/number 810l008091

Travolook/customer/care/number 810l008091//810l008091

Anonymous   22 June 2021 at 20:22

Doubt

Is quashing of criminal proceedings and quashing of fir same or different?
Please throw some light in this topic.

Anonymous   22 June 2021 at 18:36

Extension of main objects

we had public charitable trust since 1963 with main objects of goshala and gosamvardhan,due to municipal order we can not run goshala within the municipal limit now we want to extend our objects adding social services and religious services but registrar are not accepting it say that you can not extend or amend the objects

Anonymous   22 June 2021 at 16:53

Urgent : gate or door permissible / allowed on a dda flat

Dear Sir/Madam,

I have an urgent query regarding , whether a gate or door is allowed to be constructed on a bedroom wall of a freehold DDA flat that opens out towards a park adjacent to the flat / bedroom and is under PPE scheme? Originally , there was no wall or boundary wall of the park adjacent to the flat when bought.
Your urgent response is solicited.

Kind regards

Anonymous   22 June 2021 at 16:12

Cred/customer/care/number 810l008091

Cred/customer/care/number 810l008091