Statutory audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2016 As per my understanding:

Statutory audit is divided into:
1. Tax audit
2. Company audit

The last date for filling tax audit report is normally September 30th of the AY.
But, the company audit which is mandatory for all companies under respective Companies' Act , what is its last date?

Please guide.

Amol S Joglekar

Amol S Joglekar (Expert)
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15 September 2016 statutory audit in the case of Company means the audit prescribed under Companies Act.
There is no any last date as such for statutory audit....The constraint is "Conduct of AGM".....
for 2nd AGM and onwards.... the AGM is to be conducted within 6 months from the end of the financial year....
The companies, therefore, request the auditor to conduct the statutory audit so that the audited accounts can be put before the AGM

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2016 Got your point sir.

Thankyou so much.

Amol S Joglekar

Amol S Joglekar (Expert)
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15 September 2016 you are most welcome.

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