Ceiling limit of 20 statutory audit increased

Posted on    08 June 2015

Ministry of Corporate Affairs has issued Notification dated June 5, 2015 exempting the maximum ceiling of 20 companies as provided in clause (g) of sub-section (3) of Section 141 of the Companies Act, 2013 in case of One Person Companies, Dormant Companies, Small Companies, and Private Companies having paid-up share capital less than one hundred crore rupees. 

Please refer to the attached file for Notification

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