C&AG audit applicability: deemed Government companies covered; companies must notify C&AG of incorporation for first auditor appointment. Deemed Government companies are covered under sub sections (5) and (7) of section 139 of the Companies Act, 2013 for audit appointment by the CAG. The words 'owned or controlled' in those subsections are to be read with the definition of control in section 2(27), so documents evidencing control are relevant to coverage. The company must primarily intimate incorporation details to the CAG immediately and also inform the relevant government so it may request appointment of first auditors.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
C&AG audit applicability: deemed Government companies covered; companies must notify C&AG of incorporation for first auditor appointment.
Deemed Government companies are covered under sub sections (5) and (7) of section 139 of the Companies Act, 2013 for audit appointment by the CAG. The words "owned or controlled" in those subsections are to be read with the definition of control in section 2(27), so documents evidencing control are relevant to coverage. The company must primarily intimate incorporation details to the CAG immediately and also inform the relevant government so it may request appointment of first auditors.
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