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remuneration of auditor

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(Querist)
25 August 2016 How is the remuneration of the 1st auditor appointed by cag in government companies determined
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ACA Anurag

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ACA Anurag (Expert)
25 August 2016 Dear Mithun,

As per section 142 Remuneration of First Auditor may be fixed by board of directors.

In entire nowhere it's mention whether it's for normal company or for govt company or both.

Kindly like if my response has helped you

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