ceiling on no. og audits

 can any one provide me detail information on sec 224(1b)- ceiling on no. of audits

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A CA can accept 20 audit assignments... of which not more than 10 companies should b with more than capital of 25 lacs....

further the following audits r not considered in the limits:

1. Audit of branches

2. Audit of companies u/s 25

3. Audit of foreign companies

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