Auditors

National Financial Regulatory Authority Lexus Granito India Ltd
Case BriefsTribunals/Commissions/Regulatory Bodies

It is the duty of the auditor to conduct audit with professional skepticism and due diligence and report their opinions in an unbiased manner and the same was not done in this case.

section 140(5) of the companies act
Case BriefsSupreme Court

Supreme Court observed that if the interpretation that once an auditor resigns, the proceedings under Section 140(5) stand terminated and are no longer further required to be proceeded, an auditor may resign to avoid Tribunal’s final order and its consequence as provided under the second proviso to Section 140(5).