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Section 141

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CA Final Student
1358 Points Posted on 19 August 2018
What are the maximum company audits an auditor can take?
Is it 20 or 30 including private company?
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On 19 August 2018 at 20:36 Report
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1545 Points Posted on 19 August 2018
As per companies act, limit is of 20 companies which doesn't include the following :

1. OPC
2. Small company
3. Dormant company
4. Pvt cmpny hving paid up capital less than 100 crore
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On 19 August 2018 at 22:52
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CA Final Student
1358 Points Posted on 19 August 2018
okay thanks for the info
1 Reply
On 19 August 2018 at 22:53
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46 Points Posted on 20 August 2018
But as per CA act the limit is of 30 companies including pvt ltd compnies..!
So the overall limit for holding audits including pvt co audit is 30.
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On 20 August 2018 at 02:01
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CA Final Student
1358 Points Posted on 20 August 2018
That's the reason I had asked this query.
So is it 20 or 30 including private company?
Can you please share the notification for the same.
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On 20 August 2018 at 02:05
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46 Points Posted on 20 August 2018
If u have 20 co audits and 8 pvt co ltd audits .. den u can opt for 2 pvt ltd audit only whose psc is less than 100crs.. So the limit for holding audit excluding pvt, small, dormant, one person is 20 co..
and while holding pvt co audit as well, the limit shall be 30 !!
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On 20 August 2018 at 03:41
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CA Final Student
1358 Points Posted on 20 August 2018
@ Harshit You mean to say an auditor can take maximum of 20 "public companies" (whether listed or unlisted) and 10 private companies (whose paid up share capital is more than Rs 100 crores)?
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On 20 August 2018 at 10:13
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1545 Points Posted on 20 August 2018
@ Piyush-20 is the limit for public AND pvt cmpny with more than 100 cr psc and 10 pvt cmpns with less than 100 cr psc which totals it to 30
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On 20 August 2018 at 10:47
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46 Points Posted on 20 August 2018
Exactly.. Vatsla is right !!
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On 20 August 2018 at 12:07
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CA Final Student
1358 Points Posted on 20 August 2018
okay thanks for the clarification Vatsla and Harshit
1 Reply
On 20 August 2018 at 13:21


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