re : auditor appointment

For the purposes of sub-sections (1B) and (1C)of Sec 224, "specified number" means,-

(a) in the case of a person or firm holding appointment as auditor of a number of companies each of which has a paid-up share capital of less than rupees twenty-five lakh, twenty such companies;

(b) in any other case twenty companies, out of which not more than ten shall be companies each of which has a paid-up share capital of rupees twenty-five lakh or more.

Explanation II.-In computing the specified number, the number of companies in respect of which or any part of which any person or firm has been appointed as an auditor, whether singly or in combination with any other person or firm, shall be taken into account.]

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Mr. ketan is rightttttttttttttttttttttt.....................

HELLO SRIPADA IS ABSOLUTELY RIGHT

Sripada is right

For your query Section 224 o Companies Act 1956 is applicable ......u can get the info from there

              Sripada is rite. For furthe clarification sec.224 of Companies Act can be refered.