Under which Section of Companies Act. The remuneration of the Auditor has been discussed?

Section 224(8) of the Companies Act, 1956 deals with the remuneration of auditors.

According to this section, the remuneration of the auditor is determined depending on the type of appointment.

For the first auditor, the remuneration is fixed by the Board of Directors.

For subsequent auditors, the remuneration is fixed by the shareholders of the company at a general meeting or in the manner prescribed therein.

Thus, the correct section of the Companies Act, 1956 that discusses the remuneration of auditors is Section 224(8).

Note: This provision has changed in the Companies Act, 2013, where the remuneration of auditors is now dealt with under Section 142.