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    Question

    As per Companies Act, the time limit for re-audit by CAG

    (Comptroller & Auditor General of India) is:
    A 30 days Correct Answer Incorrect Answer
    B 45 days Correct Answer Incorrect Answer
    C 60 days Correct Answer Incorrect Answer
    D 75 days Correct Answer Incorrect Answer
    E 90 days Correct Answer Incorrect Answer

    Solution

    Under Companies Act, the CAG can conduct supplementary audits of government companies. Typically, the process must be completed within 60 days from receipt of the auditor’s report. This ensures timely submission of accounts and prevents delay in shareholder and parliamentary review.

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