14 October 2009
As per companies act it is not allowed. But for management review purposes it can be done which will be exclusively utilised by the top management.
AS per sec.226 of the companies act body corporate can not be appointed as auditor.
In other word, Where it is required by any law to appoint auditor then body corporate can not be appointed. In case of own requirement, as Mr. Srinivasulu also told, it can be do so.
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