https://www.taxtmi.com/circulars?id=52968 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. en-us Thu, 31 Jul 2014 00:00:00 +0530 Fri, 01 Aug 2014 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52968 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. Circulars Companies Law Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52968