https://www.taxtmi.com/forum/issue?id=117418 Reporting on internal financial controls under Section 143(3)(i) is not required for private companies if either the turnover per the latest audited financial statements is below the turnover threshold, or aggregate borrowings from banks, financial institutions or any body corporate at any time during the financial year are below the borrowing threshold; satisfaction of either condition exempts the company from the IFC reporting obligation. en-us Wed, 11 Aug 2021 16:40:47 +0530 Thu, 23 Jan 2025 15:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117418 Reporting on internal financial controls under Section 143(3)(i) is not required for private companies if either the turnover per the latest audited financial statements is below the turnover threshold, or aggregate borrowings from banks, financial institutions or any body corporate at any time during the financial year are below the borrowing threshold; satisfaction of either condition exempts the company from the IFC reporting obligation. Discussion-Forum Companies Law Wed, 11 Aug 2021 16:40:47 +0530 https://www.taxtmi.com/forum/issue?id=117418