Auditor appointment: a proprietary firm cannot be treated as a partnership; the sole proprietor must be appointed and sign individually. A proprietary firm with a single proprietor cannot be regarded as a partnership firm for appointment as company auditor; the company must appoint the sole proprietor by name in his individual capacity and the auditor's report must be signed by the proprietor personally in his own name.
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 appointment: a proprietary firm cannot be treated as a partnership; the sole proprietor must be appointed and sign individually.
A proprietary firm with a single proprietor cannot be regarded as a partnership firm for appointment as company auditor; the company must appoint the sole proprietor by name in his individual capacity and the auditor's report must be signed by the proprietor personally in his own name.
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