Audit query urgent.!!!!!!!help

1. yes 20 public companies as per companies act and as per ICAI 30 companies including pvt companies. so 20 public and 10 pvt

2. if auditor gets disqualified BOD can fill the vacancy

as per icai auditor can entertain maximum  30 audit assignment whether of public co./private co./partnership firm/llp/proprietary

as per explanation to section 224(1B) of  companies act the ceiling limit for public ltd co. is 20

so the conclusion is that  an auditor can take maximum 30 audit assignment(of any type of entity) in which no. of audit assignment of a public company can not exceed 20

one more thing frndz.. the limit of 25lacs i.e 10 company with share capital of 25lac is only for public company or it is there for private company also..??????

Hi

That limit is only for Public co.

Thankssssssssssss