How does SEBI recover penalty from a company? Also many marks would I lose for quoting wrong section number in producer companies (provision is correct though)
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The Leeds estate building & investment co Vs Shepherd (1887) auditor is liable...
Sec. 143 said that auditor shall comply act standard and SA IF not then sec 147 provide fine upto rs. 2500000 and refund audit fees and also pay demage the company.
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