No of audit under Comapny Act
This query is : Resolved
03 October 2008
Is there any limit as per Company law or institute norms for audit of private limited companys.
03 October 2008
Your query is not clear. Limit inrespect of what audit?
03 October 2008
THE Central Council of the Institute of Chartered Accountants of India (ICAI) has mandated that a partner of a firm of chartered accountants in practice cannot at any time hold appointment of more than ``30 audit assignments'' in respect of ``private com panies or other companies.''
This overall limit comes with a caveat that the number of audit assignments of public companies, each having a paid-up share capital of Rs 25 lakh or more, that can be taken up by a partner of a firm should not exceed 10.
This overall limit comes with a caveat that the number of audit assignments of public companies, each having a paid-up share capital of Rs 25 lakh or more, that can be taken up by a partner of a firm should not exceed 10.
03 October 2008
According To Sec.224(1B) of Companies Act, 1956
Limit is 20 companies out of which not more than 10 companies shall not be having paid up share capital of more than 25 lakhs.
in calculation of above, pvt.ltd companies are not considered.
Limit is 20 companies out of which not more than 10 companies shall not be having paid up share capital of more than 25 lakhs.
in calculation of above, pvt.ltd companies are not considered.
03 October 2008
the referred audit is in respect of statutory audits.
as stated by mr.srinivasaraghvan please state the question clearly
as stated by mr.srinivasaraghvan please state the question clearly
10 June 2009
According To Sec.224(1B) of Companies Act, 1956
Limit is 20 companies out of which not more than 10 companies shall not be having paid up share capital of more than 25 lakhs.
in calculation of above, pvt.ltd companies are not considered.
Limit is 20 companies out of which not more than 10 companies shall not be having paid up share capital of more than 25 lakhs.
in calculation of above, pvt.ltd companies are not considered.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Is online PGCE worth it?
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
