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    <title>REMUNERATION OF AUDITORS UNDER NEW COMPANY LAW</title>
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    <description>Section 142 requires the Annual General Meeting to fix auditors&#039; remuneration or determine an alternative mechanism, while authorising the Board to fix the remuneration of the first auditor it appoints. &quot;Remuneration&quot; includes the auditor&#039;s fee, expenses incurred in connection with the audit, and any facilities extended to the auditor, but expressly excludes payments for other services rendered to the company at its request.</description>
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