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Audit committee aplicability

In the icai charts for public deposits or borrowings >50 cr they mentioned but while explaining they said 50cr or more. See the image of icai book. Even in indigo learn notes they mentioned > 50cr. Which one to follow

Attachments

20201124_101310.jpg

20201124_101349.jpg


HARISH NANDURI

HARISH NANDURI

CA Inter

510

24-Nov-20 10:14

15

Answers (6)

It simply means 50 snd above where 50 is inclusive in the limits


Sajan Gangadharan

Sajan Gangadharan

CA Inter

2K+

24-Nov-20 11:24

It has to be as below the Public Companies which have, in aggregate, outstanding loans, debentures and deposits, exceeding fifty crore rupees So it is >50 crores and not 50 crores or more.


Suraj Lakhotia

Suraj Lakhotia

Admin

24-Nov-20 17:26

But in icai mat while they explaining they said 50cr or more


HARISH NANDURI

HARISH NANDURI

CA Inter

510

24-Nov-20 17:48

Yes sir inmaterial it is provided 50 cr and more.see this attachement

Attachments

Screenshot_20201124-194636_Drive.jpg


Sajan Gangadharan

Sajan Gangadharan

CA Inter

2K+

24-Nov-20 19:47

Sorry ,Attachment was related to rotation of Auditor .So it is below 50 cr. Thank u sir


Sajan Gangadharan

Sajan Gangadharan

CA Inter

2K+

24-Nov-20 19:53

But in icai mat while they explaining they said 50cr or more

Incorrectly explained.


Suraj Lakhotia

Suraj Lakhotia

Admin

25-Nov-20 11:44

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