Ceiling limit of 20 companies - sec141 (3)(g) of 2013 act

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Ganapati Ghatti (Querist)
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11 October 2014 Dear All,

Provisions of Section 141 (3)(g) of Companies Act, 2013 prescribe the ceiling limit OF 20 Companies for which an auditor can sign the balance sheet.

Now my query is whether this limit of 20 companies include both public, pvt and all other types of companies.?

Is there any relaxation for this limit.?

Please educate me with the legal provisions.

Thank you

Nikhil Kaushik

Nikhil Kaushik (Expert)
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12 October 2014 as on today it covers all the companies within 20 audits limit

Ganapati Ghatti

Ganapati Ghatti (Querist)
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13 October 2014 Thank you Sir,

Can we expect any relaxation in near future. Has the Institute raised any clarification on this.

Please clarify

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