05 August 2014
Section 139(8)of the Companies Act 2013
The provisions for filling of casual vacancy in the office of auditor are as follows : (a) The Board of the company shall have power to fill the casual vacancy in the office of auditor within 30 days in any case except where the casual vacancy occurred due to resignation of the auditor.
In your case, since causal vacany has arised due to death of Auditor, Board of directors can appoint auditor.
PUNISHMENT FOR CONTRAVENTION – Section 147
For the Company 1. If any of the provisions of sections 139 to 146 (both inclusive) is contravened, the company shall be punishable with fine which shall not be less than Rs. 25,000 but which may extend to Rs. 5,00,000 and every officer in default shall be punishable with imprisonment for a term which may extend to 1 year or with fine which shall not be less than Rs. 10,000 but which may extend to Rs. 1,00,000 or with both.
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