company law

When people first learn about company audits, they often assume an auditor can be changed anytime — just like changing a consultant or service provider. But under Section 140 of the Companies Act, 2013, changing an auditor is treated very carefully in India.The law lays down clear procedures for auditor removal, resignation, and casual vacancy, mainly to protect … [Read more...] about Auditor Removal & Resignation Rules in India: Section 140 Explained

The rotation of the auditor ensures that fresh eyes periodically review a company’s financial statements. It strengthens transparency and protects shareholders’ trust.In this guide, you will clearly understand what auditor rotation means, why it exists, how the rules work in India, and how companies actually apply them in real life.Key TakeawaysWhy Auditor Rotation … [Read more...] about Rotation of Auditor under Companies Act 2013 Explained – Rules, Cooling Period & Examples (India)

If you have ever looked at a company’s financial statements and wondered, “Who checks whether these numbers are actually true?” — the answer is the company auditor.Under Indian company law, Section 143 of the Companies Act, 2013 explains what auditors are allowed to do and what they are responsible for.Many beginners assume auditors only check calculations. In reality, … [Read more...] about Powers & Duties of a company auditor in India under the Companies Act 2013: Section 143 Explained

Under Section 144 of the Companies Act, 2013, an auditor’s role is kept independent so that financial reporting remains trustworthy. In this guide, we will understand what services an auditor is not allowed to provide, why this rule exists, and what it means in real business situations in India.Why There Are Restrictions on AuditorsLet me start with a common real-life … [Read more...] about Services an Auditor Cannot Provide to a Company: Section 144 of Companies Act Explained

When a company appoints an auditor, one practical question always comes up — who decides how much the auditor gets paid?Section 142 of the Companies Act, 2013 answers this in a very structured but practical way. It explains how auditor fees are fixed and what payments are considered part of that fee. If you are new to company law, understanding auditor remuneration helps … [Read more...] about Auditor Remuneration Under Companies Act 2013 Explained Simply (Section 142 Guide)