https://www.taxtmi.com/acts?id=39692 The amendments create a detailed audit regime: mandatory appointment of auditors for fixed terms with prescribed selection and eligibility paralleling company auditor standards; restrictions on consecutive terms and related firm appointments; member-enabled rotation and multi-auditor options; Board filling of casual vacancies with member approval where resignation occurs; Audit Committee recommendations required for appointments; and Board-appointed interim auditors before the first AGM with Central Government approval. Auditors receive broad access and specified inquiry duties, must include prescribed matters in their reports and disclose qualifications in general meeting. Internal auditor appointment and oversight by the Audit Committee are mandated, and the Central Government may appoint a special auditor with equivalent powers. en-us Tue, 30 Mar 2021 15:54:11 +0530 Tue, 30 Mar 2021 15:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39692 The amendments create a detailed audit regime: mandatory appointment of auditors for fixed terms with prescribed selection and eligibility paralleling company auditor standards; restrictions on consecutive terms and related firm appointments; member-enabled rotation and multi-auditor options; Board filling of casual vacancies with member approval where resignation occurs; Audit Committee recommendations required for appointments; and Board-appointed interim auditors before the first AGM with Central Government approval. Auditors receive broad access and specified inquiry duties, must include prescribed matters in their reports and disclose qualifications in general meeting. Internal auditor appointment and oversight by the Audit Committee are mandated, and the Central Government may appoint a special auditor with equivalent powers. Act-Rules F. Acts / Amendment Acts Tue, 30 Mar 2021 15:54:11 +0530 https://www.taxtmi.com/acts?id=39692