Conditional auditor appointment exemption for prescribed classes of companies under the Companies Act's amended framework. Section 139 is amended to insert a sub-section stating that such class or classes of companies as fulfil prescribed conditions shall not be required to appoint auditors under the relevant chapter. The provision creates a conditional exemption from the ordinary auditor-appointment requirement, with eligibility determined by the prescribed class of companies and the conditions attached to that class.
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.
Conditional auditor appointment exemption for prescribed classes of companies under the Companies Act's amended framework.
Section 139 is amended to insert a sub-section stating that such class or classes of companies as fulfil prescribed conditions shall not be required to appoint auditors under the relevant chapter. The provision creates a conditional exemption from the ordinary auditor-appointment requirement, with eligibility determined by the prescribed class of companies and the conditions attached to that class.
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