banner_ad

Limit

This query is : Resolved 
Profile Image

Profile Image

(Querist)
22 October 2012 is there any limit on turnover as to when statutory audit is applicable?
Profile Image

HEMANTA PATNAIK

Profile Image

HEMANTA PATNAIK (Expert)
22 October 2012 No Limit on Turnover . Every Corporate entity has to get it's accounts audited under the Companies Act.
Profile Image

CA Manish

Profile Image

CA Manish (Expert)
22 October 2012 As per sec 224 of the companies act 1956, every co is required to appoint at each AGM an auditor.

There is no minimum turover for this.
Profile Image

CA Ayush Agarwal

Profile Image

CA Ayush Agarwal (Expert)
22 October 2012 There is No Such Limit Prescribed in case of Corporates for Stat Audit.
Only Branches are Given Relaxation to Exempt from Statutory Audit, Provided Some Conditions Related to Turnover & Production Doesnt cross as Prescribed for Exemption.
Profile Image

CA BHARATH KUMAR

Profile Image

CA BHARATH KUMAR (Expert)
22 October 2012 no limit for that
Profile Image

CA BHARATH KUMAR

Profile Image

CA BHARATH KUMAR (Expert)
22 October 2012 not yet get any notification
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details