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As of 10 November 2026, which companies must appoint an internal auditor under section 138 and rule 13 of the Companies (Accounts) Rules, 2014? Every listed company An unlisted public company with…

Question and options

As of 10 November 2026, which companies must appoint an internal auditor under section 138 and rule 13 of the Companies (Accounts) Rules, 2014?

  1. Every listed company
  2. An unlisted public company with paid-up share capital of ₹50 crore in the preceding financial year

  1. Response 1 only

  2. Responses 1 and 2 only

  3. No numbered response applies

  4. Response 2 only

Answer and explanation

Correct answer: B - Responses 1 and 2 only

Rule 13(1) of the Companies (Accounts) Rules, 2014, made under section 138, requires every listed company and every unlisted public company with paid-up share capital of ₹50 crore or more in the preceding financial year to appoint an internal auditor. Unlisted public companies also qualify on turnover, borrowings or deposit thresholds, so both companies described are covered.

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