Appointment of statutory auditors by Company Law Board Fixation of audit fees Guidelines for

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.... 1976 vide Circular No. 7/76, dated 8‑4‑1976 [printed here as Clarification 1] regarding fixation of audit fees for statutory auditors, for Government companies appointed under section 619(2). The Institute of Chartered Accountants of India has represented that there has been a phenomenal increase in the cost of service relating to audit particularly in respect of salaries paid to aud....