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Section 141(3)(g)
A auditing partnership firm has a 3 partners. In a year one of the partner complete his celling limit of audit of company i.e. completed 20 company audit. A partnership firm can be appoint as a auditor by a company?
Replies (2)
As per section 141(3)(g) of the Companies Act 2013, if the person is in the full time employment elsewhere or if the person or the partner of the firm already holding the auditorship in more then 20 companies, then such audit firm or an individual cannot be appointed as an auditor in more then 20 Companies.
As said by Jatin Baja, an individual can't be appointed if holding auditorship in more than 20 companies.... but in case of partnership firm, same can be appointed as an auditor unless all auditing partners are holding more than 20 companies individually
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