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auditor's lein


HITESH (chartered accountant)     19 October 2010

HITESH
chartered accountant 
 14 likes  440 points

| My Other Post

 

CAN THE AUDITOR HAVE LEIN ON BOOKS OF CLIENTS?

 

Yes, he can but it is conditional...................

ITS THE ANSWER IN MANY BOOKS EXCEPT PADHUKAS :

ANSWER IN PADHUKAS :

There is a judgement namely:-  


       R.D.Saxena Vs Balaram Prasad Sharma [2000]


The auditor cannot apply lein on clients books and he can proceed through any other legal action

for getting his fees.......!

 


PLEASE CLEAR MY DIALEMA

THANKS IN ADVANCE.................

 

avater

Mohammad Asif (chartered accountant)     21 October 2010

Mohammad Asif
chartered accountant 
 16 likes  191 points

View Profile | My Other Post

in case of companies as per section 209 the books of account must be kept at the registered office,so it becomes impracticable for the auditor to have lein on them, but if the books of account have been handed over by the company by passing a resolution in baord meeting along with intimation to registrar then the auditor can have a lein on books of account. The icaew has laid down some conditions which have been notified in study mat to exercise lein on books of account and the case you have mentioned is concerned with an advocate means legal practitioner and not a chartered accounatant 

take a read on the whole case you will understand    click here

hope i am correct hope the experts will rectify if i am wrong

ok regards

1 Like

CHANDRASEKHAR REDDY (Asst.Manager- Finance & Accounts)     22 October 2010

CHANDRASEKHAR REDDY
Asst.Manager- Finance & Accounts 
 91 points

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Can  anyone send me the required details and reports and documents for Internal audit, statutory audit, external audit & tax audit


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