Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 3] [Section 224] [Entire Act]

Union of India - Subsection

Section 224(8) in The Companies Act, 1956

(8)The remuneration of the auditors of a company-
(a)in the case of an auditor appointed by the Board or the Central Government, may be fixed by the Board or the Central Government, as the case may be; and
(aa)[ in the case of an auditor appointed under section 619 by the Comptroller and Auditor-General of India, shall be fixed by the company in general meeting or in such manner as the company in general meeting may determine;] [ Inserted by Act 53 of 2000, Section 107 (w.e.f. 13.12.2000).]
(b)subject to clause (a), shall be fixed by the company in general meeting or in such manner as the company in general meeting may determine.
For the purposes of this sub-section, any sums paid by the company in respect of the auditor's expenses shall be deemed to be included in the expression "remuneration".