Auditor certificate requirement ensures appointments comply with statutory audit limits and account for transitional overlapping financial years. The auditor must issue a written certificate that any appointment or reappointment will comply with the statutory audit-limit applicable to the financial year commencing after the amendment; where a company's financial year began before but ends after the amendment's commencement, temporary excess audits are transitional, and the auditor's certificate is acceptable only if, on the beginning of those companies' next financial year, the auditor's total audits will conform to the statutory limit.
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 certificate requirement ensures appointments comply with statutory audit limits and account for transitional overlapping financial years.
The auditor must issue a written certificate that any appointment or reappointment will comply with the statutory audit-limit applicable to the financial year commencing after the amendment; where a company's financial year began before but ends after the amendment's commencement, temporary excess audits are transitional, and the auditor's certificate is acceptable only if, on the beginning of those companies' next financial year, the auditor's total audits will conform to the statutory limit.
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