Auditor Appointment for Limited Companies in India

Authors

• Narayana Rao

Published

Creative Commons Attribution 3.0 License

Version 2

Last edited: 15 Nov 2008

Exported: 26 Nov 2011

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/475

According to Section 226 of the Companies Act, the following persons qualify for appointment as auditors to companies.

 

1. A practicing chartered accountant.

 

2. A firm where all of the partners are qualified to be auditors for companies.

 

3. A holder of certificate under Certified Auditor's Rules 1961.

Audit of Limited Companies - India - Books of Account and Statements

Audit of Limited Companies - Books of Account and Statements

Authors

• Narayana Rao

Published

Creative Commons Attribution 3.0 License

Version 2

Last edited: 15 Nov 2008

Exported: 26 Nov 2011

Original URL: http://knol.google.com/k/-/-/2utb2lsm2k7a/473

Section 209 of the Companies Act, 1956, requires companies to maintain proper books of account.

 

Other statutory books to be maintained by companies

 

1. Register of investments, not held in the name of the company (Section 49(7)

 

2. Register of charges (Section 143)

 

3. Register of members  (Sec. 150)