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Question 1 The Articles of Association of Rajasthan Toys Private Limited provide that the maximum number of Directors in the company shall be 10. Presently, the company is having 8 directors. The Board of directors of the said company desire to increase the number of directors to 16. Advise whether under the provisions of the Companies Act, 2013 the Board of Directors can do so. Answer Under section 149(1) of the Companies Act, 2013 every company shall have a Board of Directors consisting of individuals as directors and shall have a minimum number of 3 directors in the case of a public company, 2 directors in the case of a private company, and one director in the case of a One Person Company. The maximum number of directors shall be 15. The proviso to section 149(1) states that a company may appoint more than 15 directors after passing a special resolution. From the provisions of section 149 (1) as above, though the minimum number of directors may vary depending on whether the company

UPSC 10 Year Answers Auditing Related - Modified as per 2019 Prevailing Law and Guidance 2009 Question: Explain the audit procedure for conducting the audit of a NGO. 20 Marks Answer: Audit Procedure for Conducting the Audit of Non-Governmental Organisation : NGO’s can be defined as non-profit making organisations which raise funds from members, donors or contributors apart from receiving donation of time, energy and skills for achieving their social objectives. Non-Governmental Organisations are generally incorporated as societies under the Societies Registration, Act, 1860 or as a trust under the India Trust Act, 1882, or under any other law corresponding to these Acts enforced in any part of India. NGO's can also be incorporated as a company under section 25 of the Companies Act, 1956. While planning the audit of a Non-Governmental Organisation (NGO), the auditor may concentrate on the following;  (i) Knowledge of the NGO’s work, its mission and vision, areas of