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Discussion > Corporate Law > MCA >

Ceiling of Audit limit under companies act 1956

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ARTICLED ASSISTANT

[ Scorecard : 26]
Posted On 20 November 2008 at 15:42 Report Abuse

What is the ceiling of audit limit under companies act 1956?


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AMIT ADHIA
ca

[ Scorecard : 110]
Posted On 20 November 2008 at 15:54

Originally posted by :priti shaw
" What is the ceiling of audit limit under companies act 1956? "


 

as per companies act ,a ca can accept maximun 20 audits of public limited d com of which not more than 10 comapnides which have a paid up capita l of more than 25 lkhas





CA Chaitanya
PRACTISING CA

[ Scorecard : 4278]
Posted On 20 November 2008 at 16:25

Ya it is corret and it should be read along with notification no.53/2001 , which indicates that the overall audit ceiling is 30 audit assignments.




(Guest)
Posted On 25 November 2008 at 12:46

YES IT IS RIGHT THAT A CA HAVING CERTIFICATE OF PRACTICE MAY AUDIT MAXM.20 PUBLIC LIMITED CO.BUT HE CAN AUDIT ANY NOS.OF PVT.LTD.COMPANY.




CA ramesh
CA

[ Scorecard : 104]
Posted On 05 January 2009 at 20:50

Can any one mail me schedule V part II of the companies act in PDF format or provide the link to download

thanks ramesh




khelan
a/c

[ Scorecard : 81]
Posted On 03 September 2009 at 11:53

abhi ki limit kya hai




Aditya Maheshwari
CA in Practice

[ Scorecard : 34843]
Posted On 05 September 2009 at 11:54

As per institues guidelines in notification no. 53/2001 the total statutory audits of an individual member should be 30



Total thanks : 1 times



rajan
articles

[ Scorecard : 31]
Posted On 04 November 2009 at 13:00

celling under companies act 1956 : for individual practicing 30 audit assignments whether it is private or other companies.as per the notification of the council  undar companes act 13-12-2000 an indivudual or partner would have any no of private companies audits.for partnership firm it is 30per partner & among 30audits not more than 10 public company audits which have paid up capital of Rs.25 lakhs or more.



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