raveena jayant galande (Article) (48 Points)
18 July 2012Is Section 224 of the Companies Act, 1956 only applicable to Public Companies and Private Companies which are subsidiaries of Public Companies?
Isn't it applicable to Private Companies?
Please Help.
C.A. Sandeep Wawhal
(Chartered Accountant PGDFM BCom.)
(1823 Points)
Replied 18 July 2012
Section 224 of Companies Act 1956 is applicable to every "Companies".
CS Smriti Sharma
(ACS, B Samrish & Co.)
(880 Points)
Replied 19 July 2012
Yes, Section 224 of Companies Act, 1956 w.r.t to appointment & remuneration of Auditor is applicable to Private Limited Company too.
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