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Appointment of auditor

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nil
150 Points Posted on 26 November 2015
Is it compulsory to appoint an Auditor for Private Limited Company having Rs.1 lac as share Capital ? Thanks in Advance
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On 26 November 2015 at 15:57 Report
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CA Industrial Trainee
74 Points Posted on 26 November 2015

Yes, As per Companies Act, 2013 every company is required to appoint auditor. Share capital is irrelevant.

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On 26 November 2015 at 16:31
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nil
150 Points Posted on 26 November 2015
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 ?
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On 26 November 2015 at 16:46
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CA Industrial Trainee
74 Points Posted on 26 November 2015
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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On 26 November 2015 at 16:51


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