Auditor appointment for 5 years

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2014 sir if any pvt Company share capital and turnover is not more than 10 croes

in short not coming in definitation of class of companies....

then rotation of auditor will be applicable on this private co.
is rotation of auditor applicable on every pvt co.

01 December 2014 it is not applicable in this case.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2014 sir it means previous auditor who is doing tax audit as well as st. audit from more than 10 6-10 years can be continue in future also
am i right sir...

01 December 2014 yes as it not applicable if for pvt ltd co the paid up share capital is less then 20 crore or borrowings are less then 50 crores

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2014 thank u sir for ur prompt response

01 December 2014 you are welcome friend.........................


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