Ceiling limit of 20 companies - sec141 (3)(g) of 2013 act
This query is : Resolved
Ganapati Ghatti
(Querist)
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
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
(Expert)
12 October 2014
as on today it covers all the companies within 20 audits limit
Ganapati Ghatti
(Querist)
13 October 2014
Thank you Sir,
Can we expect any relaxation in near future. Has the Institute raised any clarification on this.
Please clarify
Can we expect any relaxation in near future. Has the Institute raised any clarification on this.
Please clarify
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