Forums
Sec 147
Auditing
Provides that if an auditor of a company contravenes any of the provisions of Section 139 section 143 section 144 or section 145 the auditor shall be punishable with fine so-and-so. Subsection 3 of section 140 specifies punishment if Section 140 is contravened. My question is what if he contravenes subsection 4 of 141 and does not vacate his office?
Answers (6)
Best Answer
CA Suraj Lakhotia Admin
He cannot refuse to vacate.
Sir, even American President is refusing to vacate his office. I think anybody can. ð???
CA Suraj Lakhotia Admin
There is nothing like does not vacate office. It is automatically vacated.
Sir, say the auditor is unaware of certain provisions of 141(3) or intentionally continues holding office even though his relative his purchased worth rs 200000 and doesnt take corrective action. What will be the consequence if he vehemently refuses to vacate office?
Courses
Course Guides
Offerings
CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C