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        Clause 41 - Amendment of section 140.

        Companies (Amendment) Bill, 2017

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        Auditor remuneration cap: recovery limited to the lower of a fixed ceiling or the auditor's remuneration under the amendment. The amendment substitutes the statutory fixed monetary ceiling with a comparative limit so that recoverable sums are the lesser of the fixed ceiling or the auditor's actual remuneration, thereby imposing a cap on recovery measured against the auditor's fees.
                          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 remuneration cap: recovery limited to the lower of a fixed ceiling or the auditor's remuneration under the amendment.

                                The amendment substitutes the statutory fixed monetary ceiling with a comparative limit so that recoverable sums are the lesser of the fixed ceiling or the auditor's actual remuneration, thereby imposing a cap on recovery measured against the auditor's fees.


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