Reliefs and remedies for criminal liabilities of auditors

1. If an auditor is found technically guilty, but if he proves that they had acted reasonably and honestly, the court may relieve the auditor in certain cases.
2. If an auditor is found by the court not guilty of negligence, default, misfeasance, etc., the company may compensate the auditor for any liability incurred by him in defending such proceedings.
3. However, if the Articles of Association of the company or an agreement entered into by the auditor and the company or any other instruments indemnify an auditor against legal liability for negligence, default, misfeasance, breach of contract etc., they become void and the auditor cannot escape from liability.

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