LawgistThe Companies Act
142Remuneration of auditors
(1) The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein:
Provided that the Board may fix remuneration of the first auditor appointed by it.
(2) The remuneration under sub-section (1) shall, in addition to the fee payable to an auditor, include the expenses, if any, incurred by the auditor in connection with the audit of the company and any facility extended to him but does not include any remuneration paid to him for any other service rendered by him at the request of the company.
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AUDIT AND AUDITORS
- 139 Appointment of auditor
- 140 Removal, resignation of auditor and giving of special notice
- 141 Eligibility, qualifications and disqualifications of auditors
- 142 Remuneration of auditors
- 143 Powers and duties of auditors and auditing standards
- 144 Auditor not to render certain services
- 145 Auditor to sign audit reports, etc
- 146 Auditors to attend general meeting
- 147 Punishment for contravention
- 148 Central Government to specify audit of items of cost in respect of certain companies
