Investment Valuation in India

1. Where can you open your NPS account? You can open a NPS account at any of the designated banks, post offices or brokerage houses. 2. Is there an initial fees? A one time fee of Rs 40 is charged 3. What are the documentation requirements? Carry your PAN card, Address proof, bank details and 3 photographs 4. What happens after opening an account number? You will be alloted a Permanent Retirement Account Number (PRAN). This is a unique identification number given to your NPS Account. You have to pay a one time registration fee of Rs 50 followed by Annual Maintenance Fees of Rs 350. 5. What are the types of Accounts? There are 2 types of Accounts Tier I and Tier II. 6. Tier I Account Tier I account is a pension account and you cannot withdraw money from this account before you turn 60. After 60, you have to stop contributing and start withdrawing from it. 7. How do you withdraw the money from your Tier I Account? You can withdraw 60% of the corpus as a lump sum or in

Companies (Auditors Report) Order, 2003 [CARO 2003] ‘CARO’ is applicable to every company including a foreign company as defined in section 591 of the Companies Act, 1956 (‘the Act’), except to: - a banking company, - an insurance company, - a company licensed to operate under section 25 of the Act and - to private company meeting all of the following conditions:     -- paid up capital and reserves not more than Rs.50 lacs     -- has not accepted any public deposit     -- does not have a loan outstanding from any bank or financial institution of Rs.10 lacs or more     -- does not have a turnover > Rs.5 crores The Order deals with the matters to be contained in the Auditor’s report under Sec 227 of the Companies Act, 1957. Fixed Assets Whether the company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets Whether these fixed assets have been physically verified by the management at reasonable interval