(iv) the declaration may be submitted jointly or separately to the institution by the undertakings participating in the network; 1.6 If the broader structure is aimed at collaboration and the units within the structure share a common business strategy, it is considered a network. The common business strategy includes an agreement between companies to achieve common strategic objectives. An enterprise is not considered a network company simply because it is located with another enterprise, only to jointly respond to a request for tender for determination. To. Please visit our website icai.org and you will find the SSP portal where you can create your login ID and password. 9.0 In practice, a member of the Institute may not accept the appointment as auditor of public sector companies / government companies / listed companies and other public limited companies with a turnover of Rs. 50 crores or more per year if he accepts other works or contracts or services relating to the same company or companies in return for a remuneration exceeding the total amount of the fees due for carrying out the statutory audit of the accounts of the same company or company. The Institute of Chartered Accountants of India (ICAI), established in the company by the Parliament of India, is a state-regulated accounting authority responsible for all official accounting activities and financial audits in the country. He is also responsible for licensing the accounting profession in India. It is also important that the complete and correct registration process is followed by the companies of the ICAI portal for its membership and other future prospects. (i) the appointment of a board of directors from among the executive members of the member companies of the network and the conditions under which it is to operate. In addition, the minimum and maximum number of members of the Board of Directors is agreed. Q: What is the procedure for registering companies.
(iv) Identification of a partner of one of the member firms of the mission-responsible network (Engagement Partner) 7.1 The duly authorized representative of the Indian member firm(s)/Indian member firms forming the network with entities located outside India shall submit a declaration on Form „D“ to the Institute for the establishment of such a network within 30 days of the date of conclusion of the network agreement. . . .