Start learning →

Who bears the expenses of a special audit ordered by the RBI under s.30(1C)?

AThe banking company
BThe Reserve Bank
CThe Central Government
DThe appointed auditor
Answer & Solution
Correct answer: A. The banking company
Section 30(1C) states that the expenses of the special audit specified in the RBI's order are borne by the banking company itself.
Practise this question with Quill — CA Final →

Keep practising Special Features of Audit of Banks and Non-Banking Financial Companies

Browse all Special Features of Audit of Banks and Non-Banking Financial Companies questions for CA Final, or explore more Auditing topics.

Start a Special Features of Audit of Banks and Non-Banking Financial Companies lesson →
Related questions