Auditor's signature on financial statements of pvt ltd co

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L.Gopala Krishnan (Querist)
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09 March 2016 My Query - One of our Pvt ltd co is on closing proceeding. Now we have disclose the financial statements for the year 2014-15 for the ROC whose turnover is less than 15 Lakhs and its share capital is 5 lakhs. Now we should to know whether the auditor is mandate to sign the B/s and P&L? Kindly can any one guide us?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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09 March 2016 Yes , Your Books to be attested by Chartered Accountant Who has been appointed by Board For Same you have to File ADT-1 taking the consent of auditor, For Getting books Audited Turnover is not criteria.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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09 March 2016 It is mandatory to have a 'statutory auditor' for company (irrespective of turnover and capital) and the Balance sheet and profit and loss account of that company has to be necessarily signed by the said auditor after auditing.

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