https://www.taxtmi.com/highlights?id=69602 Prosecution proceedings against the Auditor of the company - The High Court has materially erred in holding that on resignation of auditors – BSR & Deloitte and on appoint of new auditors, application under section 140(5) shall not be maintainable. Consequently, the High Court has erred in setting aside the order(s) passed by the NCLT/NCLAT by which the NCLT/NCLAT held that despite the resignation of the auditors, enquiry/proceedings under Section 140(5) shall be maintainable and/or continued. - SC en-us Fri, 05 May 2023 14:15:44 +0530 Fri, 05 May 2023 14:15:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69602 Prosecution proceedings against the Auditor of the company - The High Court has materially erred in holding that on resignation of auditors – BSR & Deloitte and on appoint of new auditors, application under section 140(5) shall not be maintainable. Consequently, the High Court has erred in setting aside the order(s) passed by the NCLT/NCLAT by which the NCLT/NCLAT held that despite the resignation of the auditors, enquiry/proceedings under Section 140(5) shall be maintainable and/or continued. - SC Highlights Companies Law Fri, 05 May 2023 14:15:44 +0530 https://www.taxtmi.com/highlights?id=69602