Empanelment of chartered accountants as auditors in liquidations: eligibility, documentation, and fund dependent remuneration process. Empanelment of chartered accountants is invited to serve as auditors for companies under liquidation by the Official Liquidator. Applicants must be ICAI members in active practice for at least three years and submit bio-data with income details for the last three years, two recommendations from practising chartered accountants with at least ten years' practice, expected remuneration, and a declaration of no pending disciplinary proceedings. Professional fees will be subject to the fund position of the company in liquidation and applications must be sent to the Official Liquidator within the prescribed timeline.
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.
Empanelment of chartered accountants as auditors in liquidations: eligibility, documentation, and fund dependent remuneration process.
Empanelment of chartered accountants is invited to serve as auditors for companies under liquidation by the Official Liquidator. Applicants must be ICAI members in active practice for at least three years and submit bio-data with income details for the last three years, two recommendations from practising chartered accountants with at least ten years' practice, expected remuneration, and a declaration of no pending disciplinary proceedings. Professional fees will be subject to the fund position of the company in liquidation and applications must be sent to the Official Liquidator within the prescribed timeline.
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