If a Public Company has a paid-up capital of Rs. 5,000,000, who can be appointed as its auditor?

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SSC Audit Tax Finance P-II QUESTION #6223

Question 1

If a Public Company has a paid-up capital of $Rs. 5,000,000$, who can be appointed as its auditor?

Correct Answer Explanation

For public companies or private companies with paid-up capital of three million rupees or more, the auditor must be a Chartered Accountant.