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        F. Acts / Amendment Acts

        Section 41 - Amendment of section 140

        Companies (Amendment) Act, 2017

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        Limit on auditor liability: amendment ties recoverable cap to the auditor's remuneration, reducing potential monetary exposure. The amendment replaces the prior fixed monetary threshold with a cap equal to the existing monetary ceiling or the auditor's remuneration, whichever is less, thereby limiting recoverable amounts under section 140 to the lesser of those two figures.
                      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.

                            Limit on auditor liability: amendment ties recoverable cap to the auditor's remuneration, reducing potential monetary exposure.

                            The amendment replaces the prior fixed monetary threshold with a cap equal to the existing monetary ceiling or the auditor's remuneration, whichever is less, thereby limiting recoverable amounts under section 140 to the lesser of those two figures.


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