09 June 2015
AFTER MCA notification now how many audit of pvt company a CA can do if pvt co share capital is less than precribed by MCA as per ICAI is 30
09 June 2015
MCA has vide Notification dated 05/06/2015 has exempted from Statutory Audit ceiling limit of 20 company audit limit the following Companies :- a) other than one person companies b) dormant companies, c) small companies and private companies having paid-up share capital less than one hundred crore rupees.
So now the Limit of 20 Companies includes:- a) Public Companies b) Private Companies having paid up capital of Rs. 100 crore or more
Revised Clause (g) of Section 141 of Companies Act is as follows :- g)a person who is in full time employment elsewhere or a person or a partner of a firm holding appointment as its auditor, if such persons or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies other than one person companies ,dormant companies, small companies and private companies having paid-up share capital less than one hundred crore rupees.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
10 June 2015
Mahlhar sir,then what is the limit for statutory audit it is 30 as per ICAI and as per co act 2013 there is no li
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