Internal Financial control applicability
This query is : Resolved
02 November 2020
My company is holding of subsidiary public company. All other conditions are satisfied. Whether only for this reason, will IFC be applicable?
28 December 2020
IFC is applicable to only listed companies and Internal financial controls with respect to financial statements (ICFR) is applicable to all companies other than those exempted by MCA Notification No G.S.R. 583(E) dated 13th June, 2017.
https://taxguru.in/company-law/internal-financial-controls-introduction.html
https://taxguru.in/company-law/internal-financial-controls-introduction.html
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