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Section 138 of companies act 2013

This query is : Resolved 

08 March 2015 Dear All,

Is a subsidiary private limited company (which is a deemed public limited Company) required to conduct internal audit u/s 138 if its holding company (an unlisted public limited company) is subject to internal audit provisions u/s 138 of the Companies Act 2013... Please revert ASAP

09 March 2015 No.

Requirement for appointing Internal Auditor is independent of the companies falling within the criteria specified under Rule 13 of Companies (Accounts) Rules, 2014


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