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Appointment of auditor
Is it compulsory to appoint an Auditor for Private Limited Company having Rs.1 lac as share Capital ?
Thanks in Advance
Replies (3)
Yes, As per Companies Act, 2013 every company is required to appoint auditor. Share capital is irrelevant.
Thanks for your Reply, But what about for year 2013-14. Should Auditor be appointed now i.e., in nov 2015 in order to file those returns for the year 2013-14 ?
Audit is compulsory. But i would suggest you to take expert advice in this matter. As non-compliance with provisions of companies act may invite penalty.
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