The section of the companies Act, 2013 which contains provisions regarding remuneration of the auditor is:
A. Section 139
B. Section 141
C. Section 142
D. Section 148
Answer: Option B
Solution(By Examveda Team)
Section 141 of the Companies Act, 2013 contains provisions regarding the remuneration of auditors. This section specifies various aspects related to the appointment, remuneration, and terms of auditors' services for companies governed by the Act.It outlines the eligibility criteria for auditors, their appointment by shareholders, the determination of their remuneration, and the limitations on additional services they can provide to the company.
Therefore, the correct option is Section 141.
Join The Discussion
Comments ( 1 )
Related Questions on Auditing
A. 2, 1, 3, 4, 5
B. 1, 2, 3, 4, 5
C. 5, 1, 4, 3, 2
D. 4, 1, 3, 2, 5
Auditing and accounting are concerned with which of the following financial statements?
A. Auditing uses the theory of evidence to verify the financial information made available by accountancy
B. Auditing lends credibility dimension and quality dimension to the financial statements prepared by the accountant
C. Auditor should have a thorough knowledge of accounting concepts and convention to enable opinion on financial statements
D. All of the above
In how many days from the registration, the first Auditor of the Company be appointed?
A. 10
B. 20
C. 30
D. 60
Remuneration is mentioned in sec 224(8) right