https://www.taxtmi.com/acts?id=53688 Penalty provisions under section 147 of the Companies Act, 2013 are expanded to cover specified contraventions relating to auditor appointment, rotation, removal, resignation, audit by another auditor, and access to information by auditors. A new proviso prescribes penalties on the company and on every defaulting officer, with continuing failure attracting additional daily penalties subject to statutory maxima. Section 147(2) is also amended to widen the referenced provisions and extend the penalty framework to additional audit-related compliance requirements. en-us Tue, 24 Mar 2026 14:34:25 +0530 Tue, 24 Mar 2026 14:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53688 Penalty provisions under section 147 of the Companies Act, 2013 are expanded to cover specified contraventions relating to auditor appointment, rotation, removal, resignation, audit by another auditor, and access to information by auditors. A new proviso prescribes penalties on the company and on every defaulting officer, with continuing failure attracting additional daily penalties subject to statutory maxima. Section 147(2) is also amended to widen the referenced provisions and extend the penalty framework to additional audit-related compliance requirements. Act-Rules Bills Tue, 24 Mar 2026 14:34:25 +0530 https://www.taxtmi.com/acts?id=53688