Checklist for Statutory Auditors at the time of conducting Statutory Audits or finalizing the Books of Accounts of an Unlisted company and filling the Before RoC.

Checklist for Statutory Auditors at the time of conducting Statutory Audits or finalizing the Books of Accounts of an Unlisted company and filling the Before RoC.

1.    Check whether DIN of all the directors has not been disabled due to non-filing of Form DIR 3 KYC with ROC.

2.    Check the status of each director in the company, whether they are disqualified or not under section 164 of the Companies Act, 2013.

3.    Check whether company has complied with the provisions Internal Auditor (if applicable)

4.    Check whether the company took any financial assistance from Banks and Financial Institutions if yes then whether the charge has been created or modified with respect to the same financial assistance.

5.    heck whether company has paid off any Loans to Banks and Financial Institutions if yes then whether charge has been satisfied.

6.    Check whether the company have filed the resolution for Disclosure of Interest in form MGT 14 (For Private companies, filing of form MGT 14 is not mandatory).

7.    Check whether related party transactions has been made by the company during the year, if yes then whether they have complied with the provisions of section 188 of the Companies Act, 2013.

8.    Check whether Declaration from Directors and their relatives has been obtained, in case of any loan received by the company from them.

9.    Check whether company has complied with the applicable provisions of the Companies Act, 2013 while receiving Loans from its shareholders.

10.  Check whether company has granted any loans to its directors or any person in whom any of the director of the company is interested, if yes then whether the company have passed the necessary resolutions under section 185 (Check the conditions which were prescribed for getting exemptions under this section for private companies).

11.  Check whether the company have passed the necessary resolutions under section 180 (1)(C) while borrowings has been made by the company.

12.  Check whether the company have passed the necessary resolutions under section 186 while granting any loans, investments or Guarantee including the transactions between affiliated companies.

13.  Check all the details related to the Holding, Subsidiaries & Associate Concerns of the company wherever applicable.