Rule 5 of audit & auditors
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 December 2014
Kindly tell me whether companies having borrowing of less than 50 crores from public financial institutions are covered under Rule 5 Audit & Auditors of Companies Act,2013.
15 December 2014
no
companies having public borrowings from financial institutions, banks or public deposits of rupees fifty crores or more are covered under rule 5 of Companies (Audit and Auditors) Rules,2014.
companies having public borrowings from financial institutions, banks or public deposits of rupees fifty crores or more are covered under rule 5 of Companies (Audit and Auditors) Rules,2014.
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