Is it mandatory to appoint auditor for 5 years?
Subin VR, Chartered Accountant,FCA, DISA (ICAI)
Answered on April 12,2021
Answered on April 12,2021
Yes. As per the new provision an auditor has to be appointed for five years.
Related Questions
-
Anjali Bansal
Practicing Company Secretary . Answered on August 09,2021Which companies are required to appoint auditor?
Every company registered under the companies act.
1 0 100 -
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on April 12,2021Which form should a Company file to intimate the ROC about the appointment of an auditor?
ADT 1
2 0 154 -
Anjali Bansal
Practicing Company Secretary . Answered on March 24,2023A private limited was incorporated in the current financial year and now due to inactivity it needs to be closed.Form INC20A and Adt 1 has already been filed. My query is whether statement of accounts for closure can be signed by a different CA other than the CA i.e auditor already appointed.As the auditor appointed is unavailable to sign.
Yes it has to be ideally signed by the already appointed statutory auditor. If at all he is not ...
1 0 52 -
Anjali Bansal
Practicing Company Secretary . Answered on March 24,2023We haven't filed inc -20A. The members haven't paid their subscription amount yet. The Company was incorporated 1.5 years back. The company hasn't done any business till date. Is there a way to revive the company now without the penalties?
Since the subscription amount is not yet paid, please ask the subscriber to make the payment first. Have the ...
2 0 176 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .How to get Computer Trading License from Meydan Free Zone in Dubai?
Getting a license in the Meydan Free Zone is a simple process. To apply for a free zone, you ...
1 0 9 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .What is the difference between a Professional and Commercial Licence in Dubai?
There are significant differences between professional and commercial licences which are the most sought out business licences in Dubai. ...
1 0 7 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .How to get a Commercial License in Dubai?
All Dubai-based businesses must have a license. You need a commercial license to purchase and sell products and services ...
1 0 8 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .How much is the cost of a commercial brokerage license in Dubai?
The cost of starting a commercial brokerage license depends on multiple factors. They include license and visa fees, personnel ...
1 0 15 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .How to start a commercial brokerage business in Dubai?
Commercial brokerage is a business activity in which a business entity (or broker) acts as a middleman between people ...
1 0 32 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .How do I export goods from the local market through a free zone?
Once you set up a thriving business in a free zone,you may have to consider renting warehouse space. Then the ...
1 0 6 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .Do I have to pay tax if I sell goods to companies in mainland Dubai?
Yes, goods sold in mainland Dubai are subject to a value-added tax (VAT) of 5%. Dubai has implemented a ...
1 0 21 -
Meydan Free Zone
A world-class business ecosystem to help you #GrowFromDubai .Do I have to pay customs charges in Dubai if I import goods to the port and export them immediately?
No, as long as the goods don’t enter mainland Dubai, there will be no import/export tax. Some businesses buy ...
1 0 12