Section 138 of CA 2013 : Section 138: Internal Audit
CA 2013
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Explanation using Example
Imagine a mid-sized manufacturing company in India, "Quality Widgets Pvt. Ltd.", which has been growing rapidly over the past few years. As per the new rules issued under the Companies Act, 2013, their annual turnover has crossed the threshold that requires them to appoint an internal auditor.
Complying with Section 138(1) of the Act, the Board of Directors holds a meeting and decides to appoint a chartered account...
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