Month: December 2021

Sub-sections (1A), (2), (3), (4) and (4A) of the Companies Act, 1956 specifies the duties of an auditor of a company in a quite comprehensive manner. It is noteworthy that scope of duties of an auditor has generally been extending Read More …

 Right of access to books, etc. – The auditor of a company, at all times, has the right of access to the books and accounts and voucher of the company whether kept at the head office or elsewhere and he Read More …

Section 225 lays down procedure to remove an auditor after expiry of the term, i.e., conclusion of the next annual general meeting. It requires that for appointing a person other than the retiring auditor or for proposing that the retiring Read More …

Removal of Auditor before Expiry of Term As per sub-section (7) of section 224, an auditor may be removed from office before the expiry of his term, by the company in a general meeting, obtaining the prior approval of the Read More …

Under section 224(8) of the Act, the remuneration of the auditors of a company is fixed: (1) by the directors when auditors are appointed before the first annual general meeting by the directors or to fill a casual vacancy (other Read More …

It has been mentioned earlier that before appointment is given to any auditor, the company must obtain a certificate from him to the effect that the appointment, if made, will not result in an excess holding of company audit by Read More …