Limits on Statutory Auditorships - Overview

Last updated: 23 July 2020

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This document provides a comprehensive overview of the limits on statutory auditorships as mandated by the Companies Act, 2013, and the Institute of Chartered Accountants of India (ICAI). It details the specific limits for various company types, including public companies, private companies with different paid-up capital thresholds, one-person companies, and dormant companies. The document also clarifies how the limits set by both the MCA and ICAI interact and must be adhered to by chartered accountants. This is an essential resource for CAs and legal professionals navigating audit regulations.

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This file attempts to explain limits on no. of auditorships by Statutory auditors. Chartered accountants are bound both by Companies Act, 2013 provisions & ICAI regulations. Both MCA & ICAI have different limits for number of auditorships, hence CA's have to ensure that limits mandated by both MCA & ICAI are followed. #pdf

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Submitted by Nandakumar K Konkar · Posted 23 July 2020 · Other files by Nandakumar K Konkar · Report

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