while calculating the ceiling on number of audits under section 224(1B), whether audit of any government company is also to be considered????
only confident replies pls!!!!!!!!!!!
CA Trinath Galla (student) (3130 Points)
08 July 2009while calculating the ceiling on number of audits under section 224(1B), whether audit of any government company is also to be considered????
only confident replies pls!!!!!!!!!!!
Sangam
(CA)
(1329 Points)
Replied 08 July 2009
audit of corporations is not included in it..
govt. co will b included.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 09 July 2009
Hi Trinath,
Yes, while calculating the ceiling on number of audits under section 224(1B), audit of any government company is also required to be considered.
AUDIT EXCLUDED
In computing the specified number, following shall not be taken into account:
1. Audit of Pvt. Company.
2. Audit of Guarantee company having no share capital. (DCA Letter 8/12(224)/74-CL-V, datetd 28.09.1974)
3. Audit of foreign company.
4. An internal audit.
5. Audit of co-operative society, trusts.
6. Taxaudit under income tax act, 1961.
7. Special Audit & investigation.
8. A branch Audit as per DCA Clarification.
Regards
CA Devanshi Gandhi (Ajani)
(FCA DISA Mcom CIFRS & LLB)
(9058 Points)
Replied 09 July 2009
agree with Mr.Garg
Kanchi Agarwal
(Technical Support & Student)
(479 Points)
Replied 10 July 2009
What a wastage of THANK FEATURE??
ADMIN should do something to prevent such false thanks.
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