Auditor removal procedure allows directors or aggrieved auditors to seek orders preventing an auditor from acting and enabling replacement. Applications under Section 140 may be filed by a director or aggrieved auditor in Form NCLT-1 with Annexure 'B' documents. If the Tribunal finds abuse of auditor rights, it may dispense with sending or reading the auditor's representation, excluding the auditor from meetings. If the government applies and change is required, the Tribunal may, within fifteen days, order the auditor not to function and allow appointment of a replacement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Auditor removal procedure allows directors or aggrieved auditors to seek orders preventing an auditor from acting and enabling replacement.
Applications under Section 140 may be filed by a director or aggrieved auditor in Form NCLT-1 with Annexure "B" documents. If the Tribunal finds abuse of auditor rights, it may dispense with sending or reading the auditor's representation, excluding the auditor from meetings. If the government applies and change is required, the Tribunal may, within fifteen days, order the auditor not to function and allow appointment of a replacement.
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