Sarika Agarwal (Service) (151 Points)
30 December 2010Is it companlsory for a private limited comapny to appoint an internal auditor. My comapnies Paid up share capital is 6 crores and company secretary is already appointed.
- Can company secretary be given a designation of company secretary and internal auditor.
- is it necessary to appoint seperate company secretary and internal auditor?
nidhigoel89
(Company Secretary )
(594 Points)
Replied 30 December 2010
Hello!
As per my point of view.
Internal audit is mandatory for a private co which has paid up capital and reserve more than 50Lac. or a avg annual turnover of rs. 5 crore of last 3 years. So in ur case that is required.
Internal Auditor must b a ca. And one professional cannt practice simultaneously for 2 profession. So u should appoint other person as a internal auditor.
Regards
Nidhi
Jaideep
(Service)
(1368 Points)
Replied 30 December 2010
| Originally posted by : nidhigoel89 | ||
 |
Internal Auditor must b a ca. And one professional cannt practice simultaneously for 2 profession. So u should appoint other person as a internal auditor. |
|
No qualification prescribed for Internal Auditor.
Regards
nidhigoel89
(Company Secretary )
(594 Points)
Replied 30 December 2010
Hello!
Sry, for my prior post....that was some misunderstanding......Thats correct that there is no minimum qualification prescribed for internal auditor.
Regards
Nidhi
CAclubindia
