Appointment of Internal Auditor

Listed companies, public companies with paid-up share capital of Rs. 50 crore or more, or turnover of Rs. 200 crore or more, or outstanding loans/deposits exceeding Rs. 100 crore, and private companies with turnover of Rs. 200 crore or more or outstanding loans exceeding Rs. 100 crore. The internal auditor may be a CA, CWA, or any other person.

Few decisions carry more downstream weight than who checks your numbers. It's anchored in Section 138 — not a formality, a real legal requirement. The practical effect: company doesn't meet Sec 138 thresholds - internal auditor is optional. With Fi CTC Generator, this is a 3-minute task, not a 30-minute Word-template hunt.