Section 142 of CA 2013 : Section 142: Remuneration Of Auditors
CA 2013
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Explanation using Example
Imagine a scenario where "XYZ Private Limited" is holding its Annual General Meeting (AGM). One of the agenda items is to appoint the firm "ABC Auditors LLP" as the company's auditors for the next fiscal year. During the AGM, shareholders discuss and approve the remuneration for "ABC Auditors LLP." This approval process is a direct application of Section 142(1) of The Companies Act, 2013, which mandates that an auditor's remune...
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