Tag: auditors rotation
CA Proprietary firm or individual practicing CA can be appointed company auditor u/s 139 only for one term – ICAI Clarification ICAI has clarified that Proprietary firm (having FRN) or individual Chartered Accountant (CA) who is practicing either in his own name or trade name can be appointed …
ICAI not authorised to clarify on applicability of auditors rotation in a company u/s 139 of the Companies Act, 2013, MCA asks ICAI to withdraw announcement F. No. 01/33/2013-CL.V (Pt.)Government of IndiaMinistry of Corporate Affairs 5th Floor, A Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, New Delhi- 110001 Dated:- …
Re-appointment of erstwhile auditor in company who ceases to be governed by the rotation principles u/s 139 can be made – ICAI ICAI has clarified on the applicability of Auditor’s Rotation principles on a company as per Section 139 of the Companies Act 2013 where the company ceases to …
Auditors rotation in private limited companies paid up share capital limit increased to Rs. fifty crores from Rs. 20 crores as per section 139(2). Amendment in Rules Paid-up Share capital limit increased for auditors rotation in private companies MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 22nd June, …
ICAI Clarification-auditors rotation SQC1-Companies Act 2013 differences.One time transition phase relaxation given for the financial year 2016-17 1. The Council of the Institute of Chartered Accountants of India (ICAI), at its 359th meeting held on September 16-17, 2016 considered an issue regarding the difference in requirements relating to …
