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V.S. Datey on Companies Act, 2013
  • Section 139

    by Kamal on Tuesday, September 25, 2018 at 09:19 PM

    Whether Non Funds Based Limits be considered for calculation of limit of Rs. 50 Crores u/s 139 (2) Reappointment Auditors read with Rule 5 of Companies (Audit and Auditors) Rules, 2014 Also let us know during the tenure of 5 years of Appointment of Auditor in case in 2nd year borrowing exceeds Rs. 50 Crores whether such auditor shall continue for remaining period of 3 years or his appointment shall not be ratified in next AGM.

    Replied byV.S. Datey Thursday, September 27, 2018 at 08:07 AM

    just replied V S Datey

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