TMI BlogPunishment for contravention.X X X X Extracts X X X X X X X X Extracts X X X X ..... of the company who is in default shall be punishable with imprisonment for a term which may extend to one year or with fine which shall not be less than ten thousand rupees but which may extend to one lakh rupees, or with both. (2) If an auditor of a company contravenes any of the provisions of section 143, section 144 or section 145, the auditor shall be punishable with fine which sh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rrect or misleading statements of particulars made in his audit report. (4) Where, in case of audit of a company being conducted by an audit firm, it is proved that the partner or partners of the audit firm has or have acted in a fraudulent manner or abetted or colluded in any fraud by, or in relation to or by, the company or its directors or officers, the liability, whether civil or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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