Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Clarification: Section 224A of Companies Act mandates collective consideration of institutional shareholdings for auditor appointments.</h1> The Department of Company Affairs issued a clarification regarding Section 224A of the Companies Act, 1956, concerning the appointment of auditors by special resolution in companies with significant shareholdings by certain institutions. The query addressed whether the clauses (a) to (c) in Sub-section (1) should be treated as mutually exclusive. After consultation, it was determined that these clauses are not mutually exclusive, meaning shareholdings by any combination of the institutions listed in the clauses must be considered collectively. Chambers of Commerce are requested to inform their constituent companies of this clarification.
TaxTMI 
TaxTMI 
