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
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