https://www.taxtmi.com/caselaws?id=107971 Section 233B of the Companies Act, 1956 governing cost auditor appointments required prior Central Government approval, and that requirement carried an incidental power to refuse approval on relevant and reasonable grounds. Section 224, which applied to ordinary statutory auditors, did not compel approval of a cost auditor proposal or override the specific scheme in section 233B. A pending complaint alleging professional misconduct was treated as a relevant circumstance justifying refusal, and the decision was found neither arbitrary nor unreasonable. The challenge to the refusal therefore failed and the writ petitions were dismissed. en-us Tue, 15 May 2001 00:00:00 +0530 Wed, 28 Mar 2012 11:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107971 Section 233B of the Companies Act, 1956 governing cost auditor appointments required prior Central Government approval, and that requirement carried an incidental power to refuse approval on relevant and reasonable grounds. Section 224, which applied to ordinary statutory auditors, did not compel approval of a cost auditor proposal or override the specific scheme in section 233B. A pending complaint alleging professional misconduct was treated as a relevant circumstance justifying refusal, and the decision was found neither arbitrary nor unreasonable. The challenge to the refusal therefore failed and the writ petitions were dismissed. Case-Laws Companies Law Tue, 15 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107971