Is it mandatory to appoint a CA in Pvt. Ltd Comapny ?
4 Replies
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 09 January 2020
For the companies, it is mandatory to do statutory audit and the audit shall only be done by a CA, So indirectly it is mandatory to appoint a CA.
Amit Agarwal
(Sr. Manager - Accounts)
(51 Points)
Replied 09 January 2020
Thank you so much.
Can you suggest me what kind of procedure and compliance required after incorporation of a Pvt. Ltd co.
CA Ankith Jain
(Chartered Accountant)
(973 Points)
Replied 10 January 2020
As per section 139(6) the first auditor of the company other shall be appointed by the Board within 30 days of Incorporation. In case of Board’s failure, an EGM shall be called within 90 days to appoint the first auditor.
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