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There is an overall limit of 30 companies. As per ICAI Regulation a Chartered Accountant can do Statutory Audits in 30 Companies and whereas Companies Act, 2013 states that a Chartered Accountant can do Statutory Audits in ...
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ProfessionalWhat is the limit for a Chartered Accountant for doing Statutory Audits both as per Companies Act,2013 & ICAI Regulations?
Companies Act 2013
-
Wazzeer Professional Network
ProfessionalThere is an overall limit of 30 companies. As per ICAI Regulation a Chartered Accountant can do Statutory Audits in 30 Companies and whereas Companies Act, 2013 states that a Chartered Accountant can do Statutory Audits in 20 Public Companies or Private Companies having paid up capital of Rs. 100 crore or more whereas there is no cap limit for Statutory Audits on one person companies, dormant companies and small companies and private companies having paid-up share capital less than one hundred crore rupees.
To sum up, a Chartered Accountant can do Statutory Audits in 30 Companies, of which:
20 Companies will be:- a) Public Companies, b) Private Companies having paid up capital of Rs. 100 crore or more. and,
10 Companies will be:- a) one person companies, b) dormant companies, c) small companies and private companies having paid-up share capital less than one hundred crore rupees.
over 4 years ago
View answer
What is the limit for a Chartered Accountant for doing Statutory Audits both as per Companies Act,2013 & ICAI Regulations?
Companies Act 2013
-
Wazzeer Professional Network
ProfessionalThere is an overall limit of 30 companies. As per ICAI Regulation a Chartered Accountant can do Statutory Audits in 30 Companies and whereas Companies Act, 2013 states that a Chartered Accountant can do Statutory Audits in 20 Public Companies or Private Companies having paid up capital of Rs. 100 crore or more whereas there is no cap limit for Statutory Audits on one person companies, dormant companies and small companies and private companies having paid-up share capital less than one hundred crore rupees.
To sum up, a Chartered Accountant can do Statutory Audits in 30 Companies, of which:
20 Companies will be:- a) Public Companies, b) Private Companies having paid up capital of Rs. 100 crore or more. and,
10 Companies will be:- a) one person companies, b) dormant companies, c) small companies and private companies having paid-up share capital less than one hundred crore rupees.
over 4 years ago
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