Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

IS IT COMPULSORY FOR A PRIVATE COMPANY LIMITED BY SHARES TO SUBJECT ITSELF TO AUDIT?

user-image
Question added by Ijaz Ali Akbar Syed sabzwari , Senior partner , Sabzwari Law Associates
Date Posted: 2013/09/19
ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

A Limited Liability Partnership is a hybrid between a partnership and a limited company formed under the Limited Liability Partnerships Act and regulations made under that Act. Many provisions of the Companies Act  also apply to LLPs.An LLP is subject to the same rules as a private limited company for the registration of accounts at Companies House, and the auditing of its accounts.

Gayasuddin Mohammed
by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

I think it is, because of the purpose of Accounts and its verification and taxation maters related though it is a private limited company. Thanks.

Deleted user
by Deleted user

agreed with all ..................................

حسين محمد ياسين
by حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

Agree with Answers >>>>>>>>>>>>>>>>>>>>

Salah Othman Yousef Alshambaati
by Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answers Mr. Ayman Mohammed Atef