can the company law board (CLB) restricts the rights of statuory auditor
3 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 06 May 2010
Depending upon the case --- Yes CLB has the power with proper justification.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 09 May 2010
Yes i totally agree with Mr. Ankur Garg
as because CLB has the authority to restrict the unlawfull use of rights by the auditors if CLB deem think fit in a particular circumstances.
Further not only CLB but i think Central Government, or SEBI can also interfere in some suspective cirumstances which can lead them to suspect that auditors are not using their powers in a manner as prescribed by the law.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 07 June 2010
Recent Topics
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- GST registration for medical shop in Karnataka
Related Threads
CAclubindia
