Business Studies, asked by kenchanna5242, 1 year ago

What are provisions as per Capanies Act, 1956 regarding Accounts and Audit ?

Answers

Answered by basasriramamurthy26

Section 224 (1) of the Companies Act, 1956 states that every company whether it is public or private limited shall have an auditor to audit its accounts. The appointment of auditor is mandatory in the Annual General Meeting for the ensuing year.

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