We have unlisted public ltd co and llp.
Having outstanfing borrowing of Rs. 100 cr & Rs. 10 Cr respectively
Audit firm completes 9 years. Should we change them next year or any outstanding loan factor blocks rotation
Please advise
1 Replies
Poojitha Raam Vinay
(Practice )
(10645 Points)
Replied 26 May 2025
The Unlisted Public Ltd. Company has borrowings of ₹100 crore ➤ Rotation of auditors is applicable.
Statutory auditor can be appointed . Outstanding loan shall be not be a criteria for rotation of auditors.
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