Companies Act Section 378ZF — Internal audit
CHAPTER XXI
Commercial / Corporate
Summary
Every Producer Company must have its accounts internally audited. The audit must be carried out at the intervals and in the manner that are specified in the company's articles. The audit must be performed by a chartered accountant, as defined under the Chartered Accountants Act, 1949.
Official Text
Every Producer Company shall have internal audit of its accounts carried out, at such interval and in such manner as may be specified in articles, by a chartered accountant as defined in clause (b) of sub-section (1) of section 2 of the Chartered Accountants Act, 1949 (38 of 1949).