Right of statutory auditor
This query is : Resolved
30 July 2009
can a statutory auditor lien over the books of acconts upon which he has conducted some part of job?
can a statutory auditor lien over the books of acconts upon which he has conducted some part of job?
30 July 2009
Yes,
Statutory auditor can exercise lien over the books of acconts upon which he has conducted some part of job if the following conditions are satisfied:
1. The books and docs must belongs to the comapny who ows money.
2. The Docs must have come into his possession by the authority of the Board of directors of the company.
3. He has done work assigned to him on such docs.
4. Such of the documents can be retained which are connected with the work on which fees has not been paid.
Regards
Statutory auditor can exercise lien over the books of acconts upon which he has conducted some part of job if the following conditions are satisfied:
1. The books and docs must belongs to the comapny who ows money.
2. The Docs must have come into his possession by the authority of the Board of directors of the company.
3. He has done work assigned to him on such docs.
4. Such of the documents can be retained which are connected with the work on which fees has not been paid.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Copyright software
- Transporter Declaration form
- Multiple trade mark
- Value of property in capital gain
- LC charges in relation to Asset purchased should be Capitalised ?
- Form 121 & TDS deduction
- Regarding appeal to GSTAT
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
