Statutory/ internal auditor
This query is : Resolved
25 April 2014
can a statutory auditor of holding company become a internal auditor in subsidiary company or any associate company. if yes then under which section of company act 2013.
25 April 2014
no its not allowed.............................
25 April 2014
is there any section which restricts this kind of appointment.
what if both the companies are private limited companies.....
what if both the companies are private limited companies.....
25 April 2014
is there any section which restricts this kind of appointment.
what if both the companies are private limited companies.....
what if both the companies are private limited companies.....
25 April 2014
Dear Mr. Jain,
Section 144 of Companies Act Clearly States that, An Auditor not to render any of the following services (whether such services are rendered directly or indirectly to the company or its holding company or subsidiary company,namely:—
(a) accounting and book keeping services;
(b) internal audit;
(c) design and implementation of any financial information system;
(d) actuarial services;
(e) investment advisory services;
(f) investment banking services;
(g) rendering of outsourced financial services;
(h) management services; and
(i) any other kind of services as may be prescribed.
Trust this answer suffice your query.
Regards,
Avneesh Mishra
Section 144 of Companies Act Clearly States that, An Auditor not to render any of the following services (whether such services are rendered directly or indirectly to the company or its holding company or subsidiary company,namely:—
(a) accounting and book keeping services;
(b) internal audit;
(c) design and implementation of any financial information system;
(d) actuarial services;
(e) investment advisory services;
(f) investment banking services;
(g) rendering of outsourced financial services;
(h) management services; and
(i) any other kind of services as may be prescribed.
Trust this answer suffice your query.
Regards,
Avneesh Mishra
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