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PARA 8(A)(III) of MASTER DIRECTIONS ON KNOW YOUR CUSTOMER DIRECTIONS, 2016
Concurrent Auditor is a dependent auditor works as per para 18(iii), Statutory Auditor works around book of account and taxation and company law compliances. Independent Evaluation Report covers the entire gap in between.
CA RAJEEV AGGARWAL
Any body who is independent to the FFMC can perform this.
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