Menu
Appointment of auditor
Is it compulsory to appoint an Auditor for Private Limited Company having Rs.1 lac as share Capital ?
Thanks in Advance
Replies (3)
Yes, As per Companies Act, 2013 every company is required to appoint auditor. Share capital is irrelevant.
Thanks for your Reply, But what about for year 2013-14. Should Auditor be appointed now i.e., in nov 2015 in order to file those returns for the year 2013-14 ?
Audit is compulsory. But i would suggest you to take expert advice in this matter. As non-compliance with provisions of companies act may invite penalty.
Recent Threads
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
Related Threads
CAclubindia
