https://www.taxtmi.com/caselaws?id=371408 The Tribunal held that the appointment of the Statutory Auditor, M/s. Shah & Bhatt, was legal as per the procedure under Section 139(8) of the Companies Act, 2013. It found the audit conducted by the new Auditor valid, rejecting claims of hasty completion. The interpretation of Section 139(8) clarified the authority of the Board of Directors in recommending auditors. The Tribunal overturned the direction for re-audit, stating it lacked evidence of errors. The appeal was allowed, the impugned order set aside, and no costs awarded. en-us Fri, 05 Oct 2018 00:00:00 +0530 Tue, 04 Dec 2018 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371408 The Tribunal held that the appointment of the Statutory Auditor, M/s. Shah & Bhatt, was legal as per the procedure under Section 139(8) of the Companies Act, 2013. It found the audit conducted by the new Auditor valid, rejecting claims of hasty completion. The interpretation of Section 139(8) clarified the authority of the Board of Directors in recommending auditors. The Tribunal overturned the direction for re-audit, stating it lacked evidence of errors. The appeal was allowed, the impugned order set aside, and no costs awarded. Case-Laws Companies Law Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371408