the line in the study material
"if borrowings exceeding 100 crore or more at any point of time"
why this act used the word exceeding? (exceeding 100 crore or more) is it want to say 100 crore is excluded in the limit?
please explain please
thankyou
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internal auditor applicability
Replies (1)
No.
100 cr is included. It is a matter of drafting the law.
100 cr is included. It is a matter of drafting the law.
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