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    Appointment of Internal Auditors in Cos Act 2013, Rules

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    News Reporter 01
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    Posts : 37
    Join date : 2014-03-28

    Appointment of Internal Auditors in Cos Act 2013, Rules

    Post by News Reporter 01 on Mon Mar 31, 2014 4:39 pm

    Public company: - Appointment of internal auditors
    Paid up capital of Rs.50 crores or more in preceding financial year
    or Turnover of Rupees two hundred crores or more; or
    Borrowing from banks and financial institutions exceeding Rs.,200 crores preceeding financial year; or Outstanding deposits Rs.5 crores or more preceeding financial year;

    Private company: - Appointment of internal auditors
    Turnover of Rs.200 crores or more during the preceeding financial year or Outstanding loans of Rs.100 crores or more during the preceding financial year

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